I agree GZ - PIO will have to get their 'skates' on - this was in The West today. I bolded what I think is the salient part.
"Galaxy Resources and General Mining say they have signed a second definitive offtake agreement with Chinese lithium buyers over its Mt Cattlin project, taking another $US4.5 million in up-front payments.
Galaxy, which is still in the process of merging with Mt Cattlin half-owner General Mining, announced in March it was in talks with two potential off-take partners to sell 60,000 tonnes of lithium concentrate for delivery this year, at a sale price of $US600/t."
(https://au.news.yahoo.com/thewest/wa/a/32039135/galaxy-general-sign-second-offtake-deal/#stop)
There's no reason why PIO would not join the lithium market but timing is crucial. As I have said before and others have made the same point - the current SPP needs to go well otherwise it runs the risk of looking somewhat unloved - and that's not a good outcome at this stage of their development. If, the SPP goes well, then the SP should experience substantial gains.
From a daily movement perspective - the leakage at the 3.3 wall continues and buyers are now starting to build the 3.0 bid line (me being one of them).
Anyway, good luck to all.
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