We were told 6 months ago 80% of offtake was agreed with unknown international buyers, feb we were told 2015 production was fully committed with 20% offtake yet to be signed, May we were told 2015 sales were fully committed and long term 2-3 y4ear offtake contracts were under negotiations ie 2016-2018 sales.
The stealth signing of 100% of offtake and 20% of remaining offtake this year is like a secret stealth move not to ramp the sp and mention it as a side comment almost, hence market ignores it.
if this were TON, they would have skywritten the offtake as $1B contract signed, 3 year contract offered, chinese dongfeng in negotiations, boats fully loaded n delivering ore to china now, etc etc, with mbn, they say, lets keep it quiet, lets hide the cotinga arrow details, lets hide the 20% offtake deal, lets state LT offtake is confidential, if anyone asks state its confidential.Hide the us$100M cash build to dec also.
So we LTHs have a legal right to be fully informed, so does the market, so we can make informed investment decisions. Why does the management keep a lid n secrecy about cashbuild n offtake, why?
When they are ready for the rerate they wont hide this stuff anymore. The pressure builds daily, the saturation point drys daily, the launch pad gets larger n better daily, sooner or later it will move.
lets keep the pressure on, patiently sitting until the market and management know what we already know and value it to market price. What is 13c eps worth? Or 20,000T ni con pa production worth? What is us$100M cash worth building at $5M pm at low np?
1M pday volume, who would have predicted that in march, tomboy did, $100Mby dec, tomboy did, 3 year offtake n rocket ride? Lets see If I can get 4 out of 4 right.
