$4500/kg is a story but $3000kg is a real example given the sale not long ago..
also, seems FW has borrowed $11m from QIN and 2018 could be the year for him to resell to QIN but there should be a clause somehow to favour QIN as per $11m loan, so how come he argue what he owns now far exceed what he owe to QIN..
given the reason QIN request Extension is the current market price for each shares is 29.5c so this price somehow can help QIN for calculate ration of debt to equity, therefore, $33m put option is really not a issue to cause QIN call VA...
so QIN will need at least 1 more sale gone through to get more cash into bank account or other good news come from left side such as bringing in new Venture funds so it could be the turning point for QIN...
WA/NT governments should provide some kinds of supports also QIN has big ties with local and community and it is World largest sandalwood producers and Chinese like Sandalwood very much.....
we have to wait and see...
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