Replies to post #40638 on Southcorp Capital Inc (STHC)

[crabclamjohn]

Here is something else to look at in regards to Ameca.

http://saintjeancarbon.com/files/2816/0575/0442/SJL_News_Release_Nov_18.pdf

Particularly this paragraph:

Offtake Agreement
The Company also wishes to elaborate on its arm’s length offtake agreement with Ameca Ltd. (“Ameca”), previously
announced on September 30, 2020. A revised agreement was signed on November 5, 2020. Production in Sri Lanka
may begin as early as the summer of 2021. Saint Jean intends to pre-sell at least 10,000 tonnes of the highest quality
graphite in the world, verified in Saint Jean’s R&D facility, to a third party and never take physical possession of the
material. Ameca and Saint Jean have agreed on a formula of profit sharing on all sales. The intent is to sell the entire
15,000 tonnes of graphite under the Company’s offtake agreement with Ameca. Ameca’s planned initial production is
15,000 tonnes per year.