Ann: Trading Halt-GXY.AX, page-80

Guys, from the last GMM announcement:

"Offtake On 8 March 2016, the Company announced the signing of two binding Term Sheets for the sale of 60kt of spodumene concentrate (USD $600/t) in 2016, and a further 120kt in 2017 (subject to price agreement in the December quarter 2016). These term sheets included an upfront prepayment amount equal to 50% of the 2016 sale amount, due on or before 31 March 2016.   At present, the formalisation of these binding term sheets is in its final stage and will result in tri‐party agreements involving GMM, the China based offtakers and GMM’s sales & distribution agent, Tokyo based Mitsubishi Corporation. The groups are working closely together to have the formal documents completed as soon as possible (completion will occur upon receipt of funds) and the Company will update the market once this has occurred."  

Have bolded for emphasis. Hopefully this relates to form documentation being put in place.