re: Ann: Notice of Annual General Meeting/Pro...The principal terms of the Amended and Restated Offtake Agreement are described in Schedule 1. They are essentially the same as the terms of the Existing Offtake Agreement, save for a reduction in the level of discount to the LME daily cash settlement price in calculating the nickel price
4% -> 3.5%
5 year contract extend-able to 10.
This reduction in discount is estimated to benefit Minara by approximately US$2 million per annum.
MRE Price at posting:
86.5¢ Sentiment: Hold Disclosure: Held
