Ann: Offtake Agreement Update, page-54

I understand the frustrations - I share them, but these guys are involved in multiple negotiations with multiple parties at multiple levels.
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The Company advises that it continues to work closely with steel producer's' (including BMM) to finalise further offtake agreement's' for both its 50-55% Fe lump and its 58-62% Fe fines products.

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The Company expects to be able to make further offtake announcement's' with other parties relating to its 50-55% Fe lump and its 58-62% Fe fines products, in this regard soon.

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As part of these discussions the Company’s view continues to become more enthusiastic about the iron ore opportunity afforded to it in India and its strong demand for domestic supply.


They need to change the mindset before they can get the deals signed.

The announcement says progress is being made on all front and I have no reason to doubt it.

Those that are sitting on a loss have a real chance of making it all back - I'd rather that than having no chance at all.