Treefeed, I also understand that the annual and quarterly reviews you mention are set in the agreement however I don't think you are correct about the ceiling. Quite some time ago I recall that one of GIP's releases referred to a problem with the offtake agreement. My snooping leads me to the conclusion that there is a problem with a faulty escalation formula(s) that does not give GIP the desired escalation. BTW I believe the majority of the offtake negotiations, (including the mathematics) were undertaken by John Starinck (not JT).
AR1 Price at posting:
0.3¢ Sentiment: None Disclosure: Held
