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Some time ago EUR signed a binding offtake agreement with BMW....

  1. jefferies2
    8,510 Posts.
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    23/06/24
    11:04
    Post #: 74444466
    Some time ago EUR signed a binding offtake agreement with BMW.

    BMW was to pay a $15 million advance, when EUR had made a successful start to commercial production.

    Well blow me down with a feather, BMW has already paid that money to EUR when it is nowhere near a successful start to any production.

    Given that $15 million would be a trivial sum to BMW, I wonder whether BMW has got the binding agreement off its books by paying up.
    EUR Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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