I have some questions, if anyone wants to help me out.
- Is it normal for offtake agreements to be non-binding when a mines future isn't guaranteed (such as waiting for permits)?
- Or is there no strong correlation, and Talga could potentially have binding offtake agreements before permits are granted?
- How common is it for non-binding offtake agreements to become binding? Very common? Only sometimes?
- Is it worth getting excited over this, or should investors wait for the real thing. Treat it like a big deal or just another MOU... (thinking back to the MOU's that haven't worked out).
Thanks. Not easy to get straight answers googling these things. Can't beat a distilled response from somebody with experience. I thought this was huge news but 1-2 days later the market seems completely uninterested. I need some sage advice to help me calibrate my expectations.
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- Ann: ACC and Talga sign non-binding Offtake for 60kt Anode Supply
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