I have a few queries regarding the long awaited offtake agreements for JB and SVD that could make market announcements difficult to publish for any individual car maker that needs more than one supplier, as they would likely require a confidentiality clause in the contract as we have already seen with our pre christmas pricing.
For instance should we assume that companies like VW or General Motors will likely have more than one supplier, If they do this could make it difficult to publish the full details of price recieved. For instance has anyone made a stab at the likely tonnage needed by VW and what percentage could Galaxy supply if they were the supplier of choice. The problem could be a bland explanation of the deals with a possible by product being the short term impact to the expected SP.
What do others think?
Ally
GXY Price at posting:
$3.56 Sentiment: Hold Disclosure: Held
