The original offtake agreement was with 2 chinese customers for a total of 60,000 tonnes of spodumene concentrate for delivery in 2016. The recent ann clearly states that they've received $9m for the prepayment of the 30,000 tonnes from one of the chinese buyers, and the other was wanting to do a site visit before paying their $9m prepayment, therefore they've only received $9m rather than the original $18m prepayment for the 60,000 tonnes. All looking good though, still way undervalued and a definite buy with the current MC. DYOR
GMM Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
