my view here is that this is positive. The word 'material' is the key. There is nothing 'material' about the cancellation of a non-binding agreement, the result of it becoming binding is not priced in, meaning that the market takes no notice of it until it becomes binding. So either yahua has pulled out (very unlikely) - but that would be material, or we have another off take partner (binding), whether that be ruifu or another one - I'm betting the latter.
This is definitely an exciting time for the company (and us I might add) and I am looking forward to hearing the details next week. If we are looking at another off take, the DFS is likely not far way either!
