RE: Offtake by end of 20188 Feb 2019 11:49
The company timelines on the presentations has not had the offtake to be completed before end of 2018, DA might have expressed desire to complete by end of 2018 does not mean promise.
However, DA has confirmed that there are plenty of offtake discussions with NDAs taking place, they could have signed already but not desperate to sign to any (read chinese chancers) deal, but the best one for SAV.
No doubt European developments in the battery alliance etc has lead SAV to hold back for perhaps a European deal. That is less shipping costs and keeps it within a better market for doing business, SAV want to be seen as European stalwarts not chinese sellout lackies.... but if Euro not getting act together we will deal with the best offer.
I see a short term supply deal outside of Europe and then once the ball is rolling in Europe then supplying Europe after the first few years, possibly even our own chemical plant/partner plant once the cash flows are enough to push for phase 2.