Closing out offtakes (which is what they said) and announcing them are not quite the same thing cotoe. It’s another way of buying more time as they will next say they are analysing the various offtake bids to see what best fits the company’s forward plans or something like that. I think they did this once before, but I might be mistaken, this offtake thing seems to have been going on for years,,,oh yeah that’s right it has. Off-takes as I’ve said before can come with some very limited upside and all the downside risk and have killed off more than the odd company.
BML Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
