We don't see the terms and conditions of offtake agreements. The world of spec stocks. But the fact is there is an offtake agreement in place and it was made after about 6 months of due diligence. Yes further due diligence is required for end users specifications. But we have a trader willing to sell our product to that sector. Commissions and cuts yes but surely it must be profitable for both to accept and go binding. Most importantly however we need to be financed and building a mine so to have two banks that don't even rely on this battery sector as part of their due diligence is vitally important. Once built we will be a step closer to selling our graphite to the battery sector.
KNL Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
