I don't know if it does Barry81. Didn't BC say off-takes were 'imminent' way back in late 2022? This sharp price decline in the Spot Price only happened last month.
Here's a link to an article in early 2023 stating a decline in Morocco's phosphate exports for last year. It talks about "regressing demand" which I find a bit surprising.
https://www.moroccoworldnews.com/2023/04/354809/moroccos-phosphate-exports-drop-by-25-in-2023
Anyway, terrible news to start the year off. We need high profit margins from DSO to get our other more ambitious projects off the ground.
I'm getting concerned again. It just looks like the same old s**t with AEV.
According to BC we were supposed to start mining this quarter - that won't happen!
A CR was announced - as expected.
No off-take in sight - this is killing our SP.
Silence is in place - which is customary after BC does a CR.
Looking like 2022 and 2023 all over again to me. Can see our SP tanking again if BC fails to deliver DSO news real soon. It's way overdue IMO.
I don't know if it does Barry81. Didn't BC say off-takes were...
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