"75% of its current average revenue is "take or pay"
- I see this as positive and reduces the risk significantly
In previous announcements they had noted:
8,000 tonnes per month with Tanga Cement (oct-17)
6,600 tonnes per month with Twyford Ceramics -Kenya (Aug-17)
4,900 tonnes per month with Twyford Ceramics -Tanzania (Aug-17)
That accounts for ~1/3 of their average sales. Good know there are other contracts out there on a similar basis too.
IEC Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held