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Ann: Extension of Voluntary Suspension, page-15

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!Tag

454 Posts.

43

04/01/19

21:51

Post #: 37029405
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Originally posted by Buzz Roman ↑

Originally posted by !Tag
Could Burwill's "right of first refusal" be contributing to the delays?

As in refusing to send a ship?
Apologies for the confusion, I was referring to this clause in the offtake agreement:
"If the processing plant at the Bald Hill Project is expanded, Lithco must give BLCL a written offer to provide anintegrated offtake and funding solution for the proposed expansion. If BLCL rejects the offer Lithco is able toenter into an agreement to give effect to the arrangement contemplated in the offer and sell any additionalvolumes of the product to third parties without breaching its obligations to BLCL."

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Thanks Buzz, I knew what you were referring to. Was just using it to raise a concern.

A40 Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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