Ann: Quarterly Cashflow Report - June 2023, page-60

“Or Lake's offtakes with Hanwa and SK On?”

LMAO!
You mean those based on an unachievable and absolutely ridiculous timeline/capex/output? The guidance that stated they’d submit EIA one qtr and have approvals and start construction the very next qtr? The guidance that indicated circa $500M capex that was recently revised to circa $1.5B?
You mean the ones with conditions precedent like “pending due diligence”?
You mean the ones that include equity components at over 4x the current share price?
You think they are going to happen or are “valuable” in some way, other than some short-term sp sugar hit that has long since evaporated..?? LOL

I’m glad that Puna Mining S.A. is not stuffing around with those sorts of “offtakes”.


Ps.
“No, we are getting knocks on the door every week,” Zuvela says.
“They all want the product, but not all of them can provide us with the best deal.
“Because that’s what we are looking for; we want the best deal that is going to serve us well for the next 10-15 years.”


It is clear that we are not settling for sub-par deals unless we are absolutely forced to.

It is clear that we are not looking to sugar-hit the sp by grasping any deal that comes our way.

It is clear that we are combining a strategic funding deal with an offtake deal, to secure expansion with minimal dilution and the best long term outcomes for stakeholders.

It is also clear that many traders just want fluffy deals and announcements, regardless of their actual tangible value to our future development and earnings.
It is clear that those expecting or wanting a conventional development strategy should look elsewhere, imo!


Lake’s “offtakes” LOL!!