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You may be right about POSCO - David was on the record as keen...

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AngryTan

1,048 Posts.

23/06/14

19:21

Post #: 13561323
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Originally posted by seals ↑

Pep usually posts sensible stuff. The big one is the offtake agreement or similar arrangement. We can't expect to finance a development without a significant commercial partnership arrangement.

i must say though Angrytan, I don't there was ever a real chance to sign with Posco and I don't pine for them at all. Imo they were tyre kickers in the extreme and David harley did everything he could to try and sign with them, except allow them to rape us. One positive out of that debacle is that we significantly improved the economics of the project trying to satisfy them. That may, fingers crossed, help us in the end.

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You may be right about POSCO - David was on the record as keen to maximise the upside for GUN holders (maybe too keen/stubborn) - bird in the hand and all that.

GUN Price at posting: 1.3¢ Sentiment: None Disclosure: Unspecified
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