Ann: Off-take MOU with large Vanadium nitride producer, page-16

I think they should be able to tick a few boxes on their own list of tasks whilst they wait for the V prices to recover. But so far, there's been very little to cheer about. From the "hot news" ann today, they said this

"The company said it is concurrently in talks for further offtake agreements with Chinese, Japanese, Korean and European end users and traders for the remaining production balance from the operations."

First off, they say they are in talks for "further offtake agreements", but the non-binding MOU today is not an actual offtake agreement. Then there's the carrot of mentioning several non-Chinese end users. We heard all the fluff about this last year when John spoke in a meeting in London and they were supposedly talking to non-Chinese users. But nothing has come of it. My guess is that this company will end up soley with Chinese customers, and probably will be majority owned by the Chinese too. I wish they would prove me wrong.

All IMHO, DYOR