That is true, each agreement has to be judged on its own merits. I still think it might help to at least give us some idea of what’s happening in the industry. I know Arafura had Mou’s that were non binding with GE and Hyundai, so will be interesting to see if they have gone a step further. I know they had also talked to Tesla, do if they can pull off a major deal will be a big step in right direction for them. They seem to be moving nicely now. Iluka is another one with the non recourse loan from the government to build the ree processing facility for oxides. And they have penned a deal with Northern Minerals for heavy ree, but no offtake yet, but iluka are in a very strong financial position. Hopefully Arafura have got a major deal, which means at the AGM for ASM I will be holding some feet to the fire.
ASM Price at posting:
$1.76 Sentiment: Hold Disclosure: Held
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