We probably could have signed multiple offtakes already (call Jerko and ask him directly), but management decided that whatever offers were proposed or on the table did NOT suit their expectations and/or development strategy. They continue to work towards what is in the best interests of the business and its stakeholders for the long term, exactly as they should. Anyones suggesting/implying/stating that it would have been "better" to have an offtake in place already (apart from not knowing any details of earlier proposals), is failing to recognise that the compromises associated with that were deemed unacceptable to management; hence they are still working on a better outcome. Perhaps you can chat with Jerko at the AGM in general terms about the various proposals that were made in the past 6-12 months, and actually seek to understand WHY they have taken the path they have. We are not doing things the conventional or "common" way; pay attention.... what others are doing is largely irrelevant wrt our strategy. Simple.
Oh, that's right, you were merely just "stating the fact that we don't have an offtake in place yet". So great that you did, coz so many here weren't aware or were clearly misunderstanding that, and posting all sots of stuff that indicated that we did...? LOL You were clearly implying that was some sort of issue of concern, regardless of your subsequent "just stating the fact" innocence. Incredibly obvious.
Keep it up, it's fascinating.
AGY Price at posting:
31.8¢ Sentiment: Buy Disclosure: Held
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