anyone care to go check 3oth of June ANN?
QIN signed a 5 year off take with total 7.8 ton of oil and QIN only sold 2.85 ton so it means the remaining value for this offtake is 4.95ton which could worth roughly $16m...and it is just oil as we know Sandalwood is famous for both its Heart timber and Oil...
also, from the same ann, Qin stated they are middle through of harvest son it means they will have more heart timber and Oil on hand, which is Inventory and they are saleable and once they got sold, they can be either Cash or against Debt and account payable.....
the most important part here for QIN is get more sale and cash back and kick out that Put holders and recap this company.....
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- Ann: Update of put option and loan repayment recovery
Ann: Update of put option and loan repayment recovery, page-39
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