POTENTIAL OFFTAKE FOR STAGE 3
As announced in the Subscription Agreement executed with Jiangxi Ganfeng Lithium Co. Ltd (“Ganfeng”on 28 December 2018, Pilbara Minerals agreed to provide a right to Ganfeng to purchase a further 50,000tpa of spodumene concentrate from any Stage 3 expansion. Offtake is contingent on a number of conditions precedent including provision of a product prepayment facility of not less than US$20M. This prepayment is in addition to the A$50 million equity subscription expected from Ganfeng by the end of March 2019.
Which all ties in with this paragraph. The $20M prepayment will help with cash management initially until it gets draw upon. The addition shares/equity is not new information to the market.
Ann: Stage 3 Scoping Study Outcomes, page-28
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 295865 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |