Similar was said about similar wording on other companies agreements in the past (LTR, CXO, PLS)
It seems pretty standard that it's announced to the market this way, and further confirmation comes at a later date as each party nuts out the finer details.
At the end of the day you have a large company balls deep into the process of locking in a 30% offtake for 10 years, with the option to increase the amount by 15% each year as well, with what seems to be a reasonable contract pricing method that adjusts based on the market price of product.
seems pretty good to me?
Ann: 10 Year Strategic Spodumene Concentrate Offtake Agreement, page-5
-
- There are more pages in this discussion • 28 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 GL1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.81M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $8.565K | 43.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 148725 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 115257 | 7 |
View Market Depth
| Last trade - 11.51am 13/11/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |