It's definitely misplaced. The term sheet is binding.
Remember that the lithium we have is sought by competing/conflicting companies (LG/SKI) and countries (china/taiwan/US/Korea) . These sort of deals are of national interest for both South Korea and Australia with lots of closed door discussions and caveats. I wouldn't be surprised if multiple parties are interested simultaneously - not unprecedented given QPM's deal offtake agreement simultaneously with LG and POSCO, with even samsung joining in later. The deal we have is only for 20-30% of anticipated output after all.
I don't anticipate a deal like this to fall through. I am anticipating we will have a full offtake agreement with LG before 28th Feb even if this date is not legally binding and just on good faith. For a fully funded company like LTR, offtakes are a cream on top.
Ann: Liontown signs Offtake Term Sheet with LG Energy Solution, page-85
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Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 85.0¢ | 81.5¢ | $9.483M | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31655 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 60687 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |