Ann: Quarterly Activities Report, page-106

I understand what you and other talked about adjusting the books based on movement on the price, however the issue here is that and few others also asked was that by November if not October they knew they needs to give back money and they also did calculations to dilute all of us by 30,000,000 shares which could have make them aware that they are cashflow negative for the quarter and they should have stopped shipping excess at lower rate and should have only maintained up to the tonnes that are secured by hedge to avoid cash drain. obviously they can stock pile the surplus for later year as many suggested previously even before this announcement came out. they should have informed the investors in November instead of boosting of completing 1m tonne shipped, also strip ration is price sensitive item if it is deviating from what was estimated to make margin difference. ... IMO.

One thing is for sure something is not right and as other mentioned they didn't bother answering any question as well during the conference call so why on earth doing conference call just simply issue the printed presentation... IMO.

They still have not issued EGM document and I hope they do it now so I can vote out everything proposed ... !