While generally positive, I would temper one’s excitement.
Glencore have burnt us before and they threw Galan under the bus recently AFTER signing a binding off-take agreement.
I’m personally wanting to see those final binding contracts executed pronto, rather than just a term sheet.
Glencore’s endorsement of Cyprium’s phased approach is positive, though, and signals that the revised strategy is the most appropriate one.
Heading in the right direction…
Ann: CYM and Glencore Announce Commercial Strategic Partnership, page-2
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