Great result especially with the recent Tanzanian govt law changes!!
Just goes to show the Chinese are not concerned with sovereign risk.
1. Supply for Stage1 - tick (detailed offtake termsheet signed (1 binding already, others become binding Q3/Q4).
2. Short term finance to see them through until they get project finance - tick.
3. Project finance - hopefully not far away. This will be good for future investors knowing Stage1 pretty much taken care of.
I think more and more positive announcements to come out of the graphite sector!
GLTAH!
Ann: Offtake Agreement Fills Stage 1 Capacity, page-5
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