Interesting announcement.
Pricing break it seems although our bottom and top are still better than elsewhere, so we have given up some ground, but are still doing slighter better than overall.
Exclusivity and conditions gone, big win.
Burwill/Jiangte eyes too big for their bellies reduced offtake till they ramp up, allowing us to sell else where instead of being held up, big win.
Prepayments frozen till 2021, increases our critical early cash flow, medium win.
Free to diversify our customer base, Massive win.
Overall it's a negotiation they got a break on hindsight bad pricing deal they made and we got a break on bad exclusivity clause we made.
We are a free company open time to go make some more deals sell more product.
Ann: Restructure of Lithium Offtake Agreements, page-12
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