HPQ Fumed Silica - Possible Off Take Agreements!In this latest interview, Bernard mentions a few times about possibly engaging in off take agreements. I did not fully appreciate what these were and how quick they truely can come to fruition. Here is the definition of such an agreement:
"An offtake agreement is an arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods. It is normally negotiated before the construction of a factory or facility to secure a market and revenue stream for its future output."
This, in my mind, could be huge and significant from a timing perspective. If these types of agreements are entered into, we could see very material increases in the share price a lot sooner than I imagined. Something to watch out for. My sense is that one should definitely get on board sooner than later as we could see an announcement or two before the snow starts to fall......