MYL 0.00% 70.0¢ mallee resources limited

Ann: MYL Investor Webinar, page-56

  1. 10,593 Posts.
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    They wont spend it if there is no commercial reason to spend it.

    Re the offtake deal, I understand what you are getting at and u r correct but that cuts both ways. If Hartree get less than LME they wear it, if they get more they profit. This is typical of all offtake deals as far as I am aware.

    Do keep in mind that Hartree are also a shareholder in MYL, they have a director on the board and that means they have to deal in an appropriate manner, not that I'm suggesting they wouldn't anyway.

    If we don't get 300 we forgo the CR but we still own Avebury. What that would all look like is a bit of a guessing game at the moment. Simpler to get 300 to participate


 
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