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Ann: OFFTAKE AGREEMENT WITH TRANSAMINE FOR TSHIMPALA, page-58

  1. 3,609 Posts.
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    I think there's just some further detail in the actual contract that we'd need to see here @MeToo

    I don't necessarily see there being a conflict between the 2 statements as there may well be an initial term (i.e. duration) for the offtake that is 2 or more years, and hence it is 'multi-year', and the term (i.e. duration) of the offtake may continue to be automatically renewed for a further year thereafter, in each successive year, unless either party gives notice to the other (within a prescribed period before the end of that year) that they wish terminate the offtake, and hence it is on an 'evergreen basis'.

    I would like to think that this is something that 4CE will clarify in the coming months, but I'm not going to be holding my breath on that one! wink.png
    Last edited by 82Punter: 17/07/19
 
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