Ann: MOU signed for Gaoual Bauxite Project, page-12

You forgot to include in your post the following paragraph ( see below). Important because it gives credence that the Supply Agreement is binding. The "annual contracts" supporting the Supply Agreement can vary depending on various factors as indicated.

Since the lead time for todays news is two years out natually the market is not excited. Lets face it the focus has been this year on the rare earths and not the bauxite projects. Why would anyone expect the shareprice to jump on todays bauxite announcement?


Source....18th May Announcement:

"The Supply Agreement is a preliminary purchase and sale intention of the parties and in order to further clarify relevant purchasing and sale matters, the rights and obligations of the parties in carrying out the cooperation and the specific legal relationship concerning the specific delivery place, delivery time, quality, price, payment terms, etc. shall be subject to an annual contract(s) separately signed by the parties.

If the relevant contents of the Supply Agreement are inconsistent with the annual contract(s) signed by both parties, the annual contract(s) shall prevail."