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clock Created with Sketch. 25/05/23
08:27
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Originally posted by 2ic:
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"Can somebody explain to me in simple terms why ESS are not signing up to get customers in to get the $$$$ in the bank to stop any hostile takeover or do they want the T/O to come?"... Firstly, an offtake agreement is not money in the bank, it's an agreement to sell future production at some specified price (probably related to a reference price). If offtake rights are the raison d'être, which they are, then signing off up offtake customers is equivalent to a poison pill against any takeover right. Who wants to remove any TO premium from their share price?
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Thanks 2ic, as a newbie i thought signing up on a binding offtake would get some $ coming in to push the need for a CR.
