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0.00% 50.5¢ leo lithium limited

Ann: Leo Lithium Secures A$106m Strategic Placement with Ganfeng, page-124

  1. aaron.holds
    179 Posts.
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    29/05/23
    17:55
    Post #: 68020660
    Hi All,

    i read through the announcement in detail and want to seek clarification on the below.

    Offtake rights:
    – Ganfeng to have offtake rights to 350,000 tonnes per annum for life of mine; and
    – Leo Lithium to have offtake rights to 150,000 tonnes per annum for life of mine.

    Does this mean that Gangfeng get to take over 70% of Stage 2 capacity and not pay for it?
    LLL Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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