re: Ann: Information on Concentrate Offtake A... The first annoucement was simple enough. Didnt need a follow up talking down the first announcement.
No one was going to pull them up on that. They simply signed a deal for a certain concentrate. If they dont dig it up and provide that concentrate, then the deal is off or altered. Its obvious that finance isnt guaranteed and mining isnt a given. It's not brain sugery and didnt need further clarification.
What pissed me off the most is the comment about mining not being certain. Well we have spent money on a mill, money on securing off-take agreements and spent the rest of our money on aquisitions so if we dont mine I think the management might have a few angry shareholders on their hands. Therefore I think mining is a certainty. Would almost put my house on it...but not quite.
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Ann: Information on Concentrate Offtake Agreement, page-7
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