With this much momentum and ground work I personally cant't see this falling over now. The transfer of cash and signing of the agreement is just a formality. And with the JV in place our business partners will want to fast track the plant assembly and get this project producing product is quickly as possible.
My concern is the 50% off take. There is a level of comfort in knowing half the product produced is sold but it is sold to our business partner. I am curious to understand who/what determines the sell price and if off take goes to 100% this issue becomes even more important.
Its easy to imagine our partners buying us out in the short term, one way or another. Might also explain some of the share activity over recent weeks.
GPX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
