CLI prospects for 2020, page-32

Its a rough gusstimate only for the calander year; not the kiwi FY.

I made an error in probable 2020 Income
It should have read $15.4 mil - $2.7 mil + $3 mil = $15.1 mil rather than $18 mil

This has been effectively cancelled by the $3 mil extra estimate of in loan repayment above.
Carnival has quite rightly pointed out that the lender had already converted $750K of the $4.25 mil USD loan
That would leave $3.5 mil USD outstanding ( about $5 mil AUD + int)

If the SP goes significantly above 6c & the prospects of the company look good, then the lender may elect to
convert the balance of the loan, IMO.This could mean an extra $5 mil in the till for CLI.

As I said, these were rough guesstimates only and feedback is always welcome.

IMO, tthe company should have given the market some guidelines by now on
total crop poundage, %age CBD & poundage & CBD%age being supplied to DL under the offtake contract
because, IMO, this may be known by others because all the crop has been bagged & graded for sale by now
and that it is market sensitive.