"Current market sentient for “non-binding” deals is flat"
I beg to differ. If that were the case... how do you explain the SP going up 100% and closing up 76% on second DSO ann and also up to a high SP of 7c - the highest SP in the past 7 years (close up 16%) on the second DSO (Apologies, don't have access to price action on first DSO ann on my phone).
Not sure how one could expect a coy to lock in binding offtakes agreement before SS? Is that even legal? How do you know what your OPEX is and associated profit margin? How do you formulate an acceptable offtakes price without knowing what margin to implement?
All IMO
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