We now know why there was a trading halt, and my guess is it wasn't the management changes. On the offtake, though, I have one question: the announcement says that the product will be purchased 'at a discount' on the APT price, but what discount? This will likely depend on grades, but what is the formula to calculate the discount?
No anticipated production start is mentioned in the announcement. I admit this didn't need to be there, since the offtake is in itself significant enough to merit an announcement, but some indication would have been nice.
What I read in the management changes is that we're getting more and more into production mode. Good news.
I feel the company cleared a significant hurdle today with flying colors, and this train will leave the station very soon...
tungsten offtake ageement mitsubishi sales feb, page-4
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