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clock Created with Sketch. 22/12/18
21:22
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Originally posted by Buzz Roman
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From the prospectus:separate binding lithium offtake agreements with Burwill Lithium for the sale of lithium concentrate over an initial five-year term, expiring 31 December 2022. On 3 May 2018, the Company and Tawana announced the first shipment of lithium concentrate under their respective offtake agreements following the commencement of lithium concentrate production at the Bald Hill Project in March 2018.The Company also intends to derive revenue from the sale of tantalum produced at the Bald Hill Project. On 23 January 2018, the Company and Tawana executed a non-binding term sheet with HC Starck Group, a leading supplier of technology metals for the sale of a minimum 600,000 lbs of tantalum concentrate. Upon Admission , the Company expects to continue to derive revenue in accordance with the agreements for the sale of lithium concentrate as well as consider additional agreements for the sale of lithium and tantalum concentrate produced at the Bald Hill Project as the production capabilities at the Bald Hill Project increase."
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Def makes sense that the two agreements need to be merged, but a trading halt just for that ? Something else is up ...or down. Hopefully we get it over and done with on Monday.
