your post wasn't directed at what I posted I hope.
The point of my post is I think we need more than an offtake agreement for 40% of the Mbalam project.
After all an offtake agreement is nothing but a piece of paper. Usually not legally binding.
I want them to bring the $5 Billion as well.
Then there is no need for any financing from a second party. As I posted previously $5 Billion to make $33 Billion to $100 Billion is a great deal for the steelmill.
I'm hoping management don't settle for just an offtake agreement.
And then have to bring in a second party to do finance.
IMO Steelmill brings $5Billion and an offtake agreement to the table or management keeps on talking to other parties.
Koreans,BHP,Xstrata,RIO to name a few.
Cheers EWO.
SDL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held