JustadabbleIn May 2022 Strike completed its competitive fertiliser offtake process by agreeing to a non-binding term sheet with Koch Fertilizer. The negotations to convert this term sheet to a binding agreement remain underway. The key terms include offtake of 100% of the 1.4mtpa urea production capacity of Project Haber for a period of up to 15 years linked to standard internationally benchmarked pricing of urea.
Not true. There is no offtake agreement with Koch. There is a non binding time limited agreement to agree terms. I imagine it has expired now. There was a CP about FID as well mentioned later in the announcement
The negotiations had not been completed when Strike issued it first takeover offer material in Nov 2022, The first bidder's statement in Dec 22 said this
THEN you get this as the next mention in the 2023 Annual Report. No Haber, never a finished deal with Koch. All hype and hyperbole.
Analyst Update, page-393
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