just doubled my holdings, page-21

QIN has $90m cash according to the HY report.
Also most cashflow are used for plantation expansion.
In 2016, Cashflow from investing activities is -$70.859m, which include:
investment in own plantation: -$44.485m
land development: -$1.345m
land and buildings: -$6.813m

In 2015, Cashflow from investing activities is -$33.162m, which include:
investment in own plantation: -$12.966m
land development: none
land and buildings: -$1.602m

If QIN need to buy back the put option, then they just stop investing own plantation for a while.
Or sell a bit farm land, Western Australian farmland value is rising at the speed of 5%-15%.
http://www.farmweekly.com.au/news/a...es-drive-solid-returns-over-time/2752784.aspx