GREY:FTPLF - Post by User
Post by
cashcrunchon Oct 17, 2013 7:31pm
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Post# 21825587
worthless contracts ?
worthless contracts ?Remember when FTP "secured" DP sales with 5yr & 10 yr contracts with Chinese customers that stipulated a DP floor price north of $1000. We all know FTP sold at less than floor to Chinese customers which makes the contract suspect... but what I find more interesting is given that these contracts appeared to be for a minimum term (5 or 10 years), if FTP "swings" to NHBK production, will FTP be in breach of contract for not fulflling the 5 or 10 yr contracts for DP ?