They did however refer to the offtakes in the last announcement (financial report):
The marketing and product off-take agreements are being coordinated by the Denham-backed Pangea team
based in South Africa. Negotiations with regard to off-take agreements are continuing with multiple parties
covering four geographical regions. Revised proposals have been received from the parties with volume
commitments and final pricing mechanisms being closed out. It is anticipated that the off-take agreements will be finalized by the end of the Q4 2016 following review by the PHT Board and financier.
Debt financing for the Project is also being coordinated by the Pangea team. The PHT Board has approved the
appointment of the project finance arranger in respect of the senior loans (approximately US$100m). The
preparation of a detailed indicative term sheet by the appointed financier is currently in progress, after which the
agreement of a final term sheet will take place
As you can see they don't expect them to be finalized until the end of this quarter and we are only just passing the beginning. So they are not behind yet, though nor are they ahead.
CXX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held