TSXV:EPO.H - Post by User
Comment by
WaveRiderX1on Jan 22, 2015 12:32pm
180 Views
Post# 23351782
RE:should be @ 0.55 by spring time
RE:should be @ 0.55 by spring timeNot wtihout an OffTake it won't.
Two years ago RCF issued an RFQ - but the reality it's been more than 3 years since this deal has been crafted - hard to believe nothing has happened since. Three years is a long time even when the customer is a govenment.
"the Advisor would be required to Draft and finalize Back-to-back Agreement to be signed by Indian Consortium members with RCF, review draft POTA submitted by M/s Encanto, analyse
past pricing data, work out pricing and escalation formula beneficial to Indian
Consortium, advise on appropriate action to be taken by RCF led consortium etc"
https://www.rcfltd.com/webdocs/1824/2013/01/NIT-Advisory_Services_for_Potash_offtake.pdf
I have to seriously question whether this deal is even still alive. Better hope thay have others they are talking to.