'Samples being sent to be qualified months ago to various off takers (april quarterly)'
What if a lack of binding agreement is beneficial to Renascor's objectives?
'July quarterly said they were discussing PSG price and terms with off takers.'
From DC's address at the recent AGM:
'we really don't want to undersell what we're doing just to perhaps make a quick splash'
'in terms of where the market's going supply is only getting tighter, so our position as a supplier only get's stronger with time'
Given Renascor's position as a near-term supplier of safe, clean, low-cost Graphite products into an increasingly tight supply chain, it is the Offtakers who will now be under pressure to come to terms with RNU. DC is confident he can get Renascor into flake production without being compelled to sign an agreement with offtakers IMO.
The timing of the recent raise has created some short term pain for SH's, but was perfect in terms of capturing the best price and subsequently minimising dilution whilst strengthening the balance sheet and helping to weather any macro headwinds in the interim.
I get the concerns re changing timeframes, but this is a fast moving landscape (both in the macro scene and the EV sector) so it is expected that a decent MD will be proactive and adaptable to these factors and position the company in the best way they can.
Anyway just a different perspective on the idea of delays..
GLA
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