clarificationOK. It’s now my turn to issue a clarification.
These are Ionade’s statements and I fully agree with them:
- it is a ten year contract
- its value is by far bigger than the standard offtakes
- it appears to have a minimum price (still to be confirmed)
- the minimum price and quantities mentioned lead to the 500 mio CAD
- it is signed with one of the leading tungsten manufacturing companies in the world.
My problem was with the headline. The “guaranteed minimum value” was a red flag to the security exchange. I would have worded it differently and they need to pay more attention to these things as they move to the big board.
The quick resolution was a plus. The restatement was issued the next day and went through with no change of any substance from what was originally released.
Separately but related, I have just looked at the German board for Almonty and I have to say to Ionade: well done!! Your post to the local basher bully was 100% right. He does come across as arrogant and sour and he got a well deserved thrashing.