Terrible announcement - signed until 2021 with further options up to 10 years... In essence it is only a 3 year agreement + 10 years... What if they don't take up the additional 10 years... will be in the same position in 3 years time.
Don't know how they can say it is a long term agreement when it is only 3 years initially that is 100% committed!!!
Feels like a band-aid fix to me... to stabilize share price in short term, while management sell out...
Ann: Long Term Binding Offtake Agreement Secured, page-25
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