Hi mate , having full finance first via debt does not give us a position of strength in my opinion , lets say we are lucky enough to borrow 500 million , then we rock up and talk to potential customers , they know we are building a mine , we have a lot of debt but no customers to buy our product , therefore we need someone to buy our product as we will have to start repaying a massive loan very soon !!!!!!hence a position of weakness !
Now on the other hand lest say we can strike a nice big juicy Off Take with Yibin for 200-300 tonnes per year at a reasonable price , its not going to be a super duper deal as we need to pop our cherry to get the ball rolling !
Then we can negotiate another Off take but this time we have some muscle as we allready have a sizeable OT and now this puts the market on alert as Yibin have made the first move !!! We can now negotiate from a position of strength !!
Then we get a second Off Take , now we are in an even stronger position !! and so on and so on ,, theres plenty of lithium at Manono but we need to get the ball rolling at some stage or we will be late to the party , !!!There aint no such thing as a perfect deal and we cant afford to beat about the bush playing footsie under the table with the pros !! they will eat us alive !! We gotta make a move !
AIMO , just my 2 cents worth ,
P.S , i have a sneaking suspicion that you are also listening to the same little birdie that my mate
@dossantd has
, both of you all of a sudden have become very certain that full finance will be obtained first and with great ease !! If it does then thats great but im sceptical !!! i reckon we wont get finance until the project is derisked via binding off takes .
GLTA
