RE:EVE & CO Expanding Their Export Horizons Sorry... but I am a stickler for detail. Eve is in a great position and I am long (with lots of shares), so this is not a bash, but rather, a clarification and rectification of detail with respect to the content of this article. For everyone's benefit and clarity.
The article states 119,000kg over initial two years (stating that this is a MINIMUM)... that is incorrect. Below are the true minimums.
The first German agreement is 2,250 for initial two year term.
The second German agreement is 500kg for two months then 1,000kg for the next 22. Total 23,000kg over two years.
The third German agreement is 25kg for two months then 100kg for the next 22. Total 2,250kg over two years.
Total (MINIMUM) is 27,500 over two years.
If the wholesale assumption of $3.50 holds true, that would be $96,250,000 over two years ($48,125,000 per year).
There are lots of sweeteners in the contracts that will hopefully come to fruition (eg a maximum of 5,000kg per month on agreement 2), but these are not guaranteed or minimums.
Hope this helps everyone.
Peace, long Eve!