I doubt it will take until 2018 for MNS to secure an off-take
My understanding is that end user qualification has been underway since the middle of 2015 and some is still taking place right now for the silicon/graphite blended anodes.
My view is that off-takes could come at any time. The company forecast for them to occur by the end of Q3 but this didn't eventuate. The new forecast is by the end of Q4 (six weeks away) It is in the hands of the end user, all we can do is wait.
MNS has existing off-take for 180Ktpa with two Chinese companies which they would prefer to replace with western companies. I assume the off-takes are still valid as the company has not said otherwise.
MNS Price at posting:
66.5¢ Sentiment: Buy Disclosure: Held
(20min delay)