This could mean that GXY would be a contract processor for Tianqi which which could be good or bad depending on the terms of the contract which are "confidential". I certainly hope that GXY has negotiated a deal which leaves at least $3.5K/ton profit after all costs. A three year buyback contract of li-carb by Tianqi could, on one hand, give us certainty of revenue but on the downside could shield us from improving Li-carb prices later. I'm always concerned with these "commercial in confidence" deals because it is an out on the "continuous disclosure rule" which is there to protect the investor. Cheers Moorookamick
GXY Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
