I would assume they had a floor price mechanism of some form...

I would assume they had a floor price mechanism of some form negotiated. Terms were confidential.

Unsure if this Sept 17 agreement relates to current sales:

https://www.asx.com.au/asxpdf/20170908/pdf/43m5dt4851m5hc.pdf

30,000 tonnes

We also had:

Dec 17 - 20,000 tonnes

https://www.asx.com.au/asxpdf/20171204/pdf/43pvly4s1l028g.pdf

Plus in Jan 2018:

https://www.asx.com.au/asxpdf/20180105/pdf/43qmshffnj5m04.pdf

I haven’t linked the more recent agreements.

Graphite prices started increasing end of Q3 2017. Wonder if they were able to negotiate higher floor pricing for the later offtakes? ( if indeed they have floor pricing )