Shipping Details, page-21

"We can't get a deal done" is the wrong sentence to use.

GXY is in a position of power here. One of the only independent producers who has not locked in an offtake. They have an abundance of off takers wanting a slice of the pie.

Management do not want to do an average deal on an asset with a 40 year LOM (SdV).

You will see how much better the terms will be on SdV and JB funding when the time comes.

AT and the board have delivered so far, and will inevitably do so again.

Patience.

M92