Hi QuionoSpot on Auction would be nice- not sure if PLS are...

Hi Quiono

Spot on Auction would be nice- not sure if PLS are going to license out their platform - I believe there was some talk of it on the PLS thread that they will. All they need to do is charge a toll or small %. There is not that much uncommitted Spod out there - ESS are one of very few that still have this so can bargain a good deal.

PLS's BMX auctions are in the early days - there has only been two Auctions - however by the time ESS require financing the industry will have a much better idea of contract vs spot vs BMX auction and management will know the best course of action. Contract pricing is going up all the time and time frames for contracts decreasing.

With demand like it is, a sales agreement linked to spot with some discount to provide upside for Chem converters could be a real possibility. Lucky for ESS its a Spod sellers market, Its going to be very interesting how it plays out.