Any speculation as to why there hasn't been an announcement regarding a confirmed off take agreement with Chalieco?
The Syrah announcement on March 7th said:
"Under the MOU, Chalieco will buy 80,000-100,000 tonnes of flake graphite and an amount of >98% V2O5 chemical powder or flake products to be determined. The MOU requires the parties to negotiate a legally binding offtake agreement within three months of signing the MOU. The final offtake agreement will firm up V2O5 volume requirements and also both graphite and V2O5 pricing."
The announcement on March 7 included a picture of the MOU signing so it would have been done a minimum of one day before. Which means that the "legally binding offtake agreement" was due last week.
I reckon this agreement is important enough to deserve an announcement even if it is to explain a delay.
Others thoughts?
What's happening with Chalieco?
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