It would appear the original BOA was terminated in order to release capacity for other, seemingly more favourable ventures. Given the narrative regarding supply constraints for the Great White products, this feels encouraging from both a price & commercial agreement perspective (in a tight market, negotiation of material non-price elements is usually favourable for the supplier). Very keen to see more details & hear from the CEO later this week.
Ann: Offtake Terms Sheet - China market, page-4
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