WFE 0.00% 2.4¢ winmar resources limited

Ann: Binding Heads of Agreement - Cobalt Production Facility JV, page-132

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  1. 337 Posts.
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    Page 2
    "▪ The Company’s strategic advisor, Airguide International Pte Limited, has commenced initial discussions with European and Chinese based global trading and commodities groups in respect to a potential cobalt and copper offtake agreement and associated cash prepayment"

    Page 7
    "The Company is working with its Strategic Advisor, Airguide International Pte Limited (Airguide) in order to develop and finalise a cobalt and copper concentrates offtake and related prepayment funding strategy for the Luapula Processing Facility."

    So are we trying to get people to pay for our cobalt before we start producing it? It other words will we start making money before the plant comes online? Sounds like I pretty good deal to me, if that is the case.
 
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