it does worry me that offtakes are yet to be announced! I know they are doing mass production samples currently but with the demand incoming you would think there would be ev makers looking to lock in supply asap.
hard to secure government loans with no offtakes announced publicly.
What's everyone's thoughts on this?
With the drop in retail prices for tesla this is going to create more demand on the ev market and the US credits will be vital. It has been a year since Kore power offtake and NVX had to give them 25mill usd cash/share split for a 5% stake. Feels almost bought!
Anyway the risk is high until a teir 1 player steps up and you can't say we haven't been patient.
Chris Burns keeps talking the talk if he doesn't come through it will be a hard pill to swallow.
it does worry me that offtakes are yet to be announced! I know...
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