That's an interesting question. How can AGY/ATL negotiate an offtake agreement "in good faith" when there is no production available for the offtake, and there won't be for probably a decade or more, if ever? I wonder if this means that ATL can now withdraw its agreement to a 12-month standstill on its shares? It's likely that there is a clause in the agreement allowing this, which means they might soon be dumping another 51 million shares into the market.
Why would they hold on now?
General Discussion AGY, page-23355
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