The title of this announcement is misleading. It is actually an agreement to outsource all negotiation of future offtake agreements to a professional trading firm with a view to capitalising on spot prices.
It’s not a bad announcement, but there has been no sale, no value agreed with any customer at this time therefore don’t expect big money to be coming in, unless it’s from the Traxis parent entity listed in the USA… something lm sure Kel is already researching.
Ann: Binding Offtake Signed with Traxys, page-135
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