VUL 3.25% $4.46 vulcan energy resources limited

Short Seller Report, page-420

  1. 1,364 Posts.
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    The interesting thing for me will be whether the offtake partners proceed in accordance with the conditions precedent in the respective Term Sheets:

    LG Energy Solutions
    • Execution of Definitive Agreement on materially similar terms by 30 November 2021
    • Next condition is publication of the DFS, which in accordance with that latest quarterly from VUL was mid 2022

    Renault Group

    • Execution of Definitive Agreement on materially similar terms by 20 November 2021
    • Next condition is publication of the DFS, which in accordance with that latest quarterly from VUL was mid 2022

    Umicore
    • No date specified

    I see no reason why they won't proceed, because it is still subject to publication of the DFS, then several other conditions precedent as well.

    Wolf
    Last edited by WolfOfWestPerth: 09/11/21
 
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