A quick look of the offtake agreement, the new terms do not seem favourable. Am i missing something?*Just guesses
Year USD Difference USD AUD Production Loss 1 2018 18.61 0.7473 24.90 2,258,487 56,236,326 2 2019 6.65 0.6944 9.57 2,096,673 20,065,160 3 2020 10.01 0.6955 14.39 2,376,029 34,191,057 4 2021 - April 21.29 0.77* 27.64 750,000* 20,730,000
The change could result in 60M+ difference in sales (and bottom line) over the year?
Pellet Price, page-683
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