Ann: Production Delays - Tormin Mineral Sands, page-5

MRC is in a death spiral. They are unable to generate any significant free cash flow while the problems and bills keeping mounting up. Unfortunately, this is not a brief shutdown of operations Spid. That happens very often in mining after for example a rain event when the ramp becomes temporarily inaccessible. That doesn’t require an announcement. This is a production and guidance update and therefore much more significant. From memory the water issues will be resolved end of next quarter, but I have my doubts that they will meet that target as well.