I guess I see it different, I see those questions in relation to the JV as sheet stirring questions that can be thrown out there in relation to any contract on any stock. The reason being they are almost always confidential information and those guys putting the questions forward know that. But it manages to wobble a few less knowledgeable folks which, dare I say, appears to be the underlying agenda. As a non-holder it presents zero risk nor concern. Get the picture?
Hence why I don’t bother engaging silly questions that to me are darting throwing, more so when the source knows the answer.
What I will say to help others with understanding and not panicking is firstly these style agreements are highly confidential otherwise they would be published as an announcement. You won’t find too many ASX companies issuing publicity these contracts. Even within the company the contracts are not available to all the staff. They often don’t even disclose contracted parties until a later date on certain confidential agreements. You will find MOU and announcements of engagement into negotiations of offtake agreements not disclosing the “confidential party” let alone finer details. It’s just normal business to do it this way.
So all these rants about the JV and asset conditions of 12 months etc is just scaremongering, yet again!
From my experience with contracts, as others have already pointed out, the agreements contain provisions for waivers, rules for adjusting the original agreement,
extension of time to the contract or part thereof to any conditions contained therein, etc etc. I think you get my drift.
I refer you also to intent that I touched on in my previous post. Well when 2 parties enter into a contract they don’t just walk away because they feel like it. As both have entered the HOA with intent to execute the agreement, you need to consider there is a genuine vested interest for both to deliver the agreement, within reason or as stated in the contract. That includes making a reasonable effort which WFE has done that. The creation of the JV itself is the most obvious one, ore supply contracts is another etc etc.
Keep in mind the HOA was signed some 11 months ago, we now have an incorporated JV executed 6 months ago or so. Big difference.
I won’t say anymore other than I am not worried in the very least to what non-holders throw out there without any substantiation, other than ????? or imo attached to the end of it.
Right now I’m focused on the offtake and listing elsewhere
You form your own opinion, that’s mine.
GLTAH
