I can’t see how any party can execute a binding agreement without a product being produced.
Binding = Contract
One party is obligated to provide a good or service while the other is required to provide the “consideration” for that product. Consequences flow should either party default.
We don’t even have a licence to mine (not one we plan to use) yet so simply can’t see a binding offtake agreement any time soon.
I just hope we don’t have a Catch22 situation with KfW. Surely they won’t require a BOA before funding because that would seem impossible.
Am I missing something?
EGR Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)