I would have to disagree. Having negotiations about an offtake doesn't have to be time/energy consuming.
Furthermore they previously had an offtake agreement in place with Mitsui when they where less progressed then they currently are.
An advantages offtake agreement signed now while IO prices are still historically high for say 20% of there production might not at all be a bad idea if it comes with a decent chunk of funding towards the CAPEX. It would show the market CAP is being taken serious and would go a long way to allowing the share price to run up over time. It would also make any future negotiations easier (particularly if IO prices were to drop) since there is a clear guide line that CAP can point to and say we want at least equal to that.
CAP Price at posting:
13.8¢ Sentiment: Buy Disclosure: Held
