Agreed there Pezz - look at the old Tawana Resources. Sold entire production to one customer, they then shipped. Customer started to have cashflow issues, Tawana went bust.
Subsidiary of customer then brought their mine for cheap. That’s the short version anyway.
This is a great announcement. Spreads territorial risk and creates more competitive tension between customers. It just says to the market - “we know what we have, we are in no rush, you want our premium product, you have to pay”
Well done ADN
Ann: Andromeda signs Binding Halloysite-Kaolin Offtake Term Sheet, page-60
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