So i got curious around the DSO thing and found this (it wont let me post the link and cant be bothered formatting it for you all so google it).
This was well before i first invested so no idea if it is still active? But if it is, does that mean the first $20m worth was paid for a long time ago? Or perhaps we never accessed the pre payment facility? Was this revised/updated in future offtake agreements? 1million t DSO is a big chunk of that we would not be value adding and hopefully not at 2017 prices.
Can anyone shed some light on this?
Core Exploration Ltd DSO Lithium Offtake Agreement and US$20 Million Prepayment Agreement to Support Development of Finniss Lithium Project | MarketScreener
HIGHLIGHTS
- Binding Offtake and Prepayment Agreements signed with Ya Hua International Investment and Development Co. Ltd, a wholly owned subsidiary of Shenzhen-stock exchange listed Sichuan Yahua Industrial Group Co., Ltd (SHE:002497) ("Yahua")
- Offtake Agreement provides for the supply of 1 million dry metric tonnes of lithium DSO to be supplied from Core's 100% owned Finniss Lithium Project in the Northern Territory
- US$20 million conditional prepayment facility, to be repaid through the supply of future DSO or Li2O concentrate production from the Finniss Lithium Project
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