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12/12/22
11:49
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Originally posted by Koi-7:
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Offtakes have nothing to do with 'peers' The big one is that they're chasing US 600 million to get the job done. You need to understand offtakes are also far less important especially for a company like LPI who are years away from production in the scheme of things. LPI are reluctant to even talk about offtakes despite the interest they have from Mitsui. Listen to the last interview with the CEO on youtube 11 days ago. Most companies are reluctant to ink offtakes such as AGY as it is the least of their priorities. Producers and near producers have customers aplenty, it's all about getting the best price similar to the PLS BMX system. Some companies like LKE constantly spruik offtakes and MOU's simply for ramping. Forget about offtakes for now it's meaningless.
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These days offtakes are meaningless only if they are a stand alone deal (no commitment of $). When offtakes comes with partial or full funding then it's a totally different story.