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Re: AlwaysOptimistic post# 111679

Wednesday, 05/01/2024 2:11:22 PM

Wednesday, May 01, 2024 2:11:22 PM

Post# of 113687
Your question is moot because you changed the terms. Your original post state:

Is obtaining $800,00,000 in a low interest loan from EXIM and an off take purchase agreement for REE's from Stellantis "intentionally designed to destroy the share price"?


You then updated it to state:

Is applying to obtain an $800,00,000 low interest loan ...


Applying for a loan and receiving funds are separate events. Since they haven't closed any financing EVER, yes, I'm beginning to believe that it is designed to artificially prop up a share price that they know they cannot support and that the share price will collapse.

You also omit the following statements from your linked Stellantis PR:

As no economic analysis has been completed on the rare earth mineral resource comprising the Elk Creek Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and is economically viable after taking account of all relevant factors.

The entrance into a binding off-take agreement is subject to the satisfactory completion of due diligence, the negotiation and settlement of final terms, the negotiation of definitive documentation, and customary closing conditions, including regulatory approvals. There can be no assurance that any binding agreement will be entered into on the terms described herein or at all. See “Forward-Looking Statements” below for additional information.


So they don't have any purchase agreement with Stellantis "at all". They have an agreement to conduct due diligence and negotiate terms. Actual purchase agreements include terms of the agreement.

"There can be no assurance that any binding agreement will be entered into on the terms described herein or at all."

So Stellantis can just walk away if they choose. That isn't a purchase agreement.
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