Xingyun looks to be a total disaster.
* The $4.78m revenue write down in Dec. 2019 accounts is Xingyun.
* The 2 write downs mentioned $6.4m and $2.1m (of $2.6m) are both Xingyun related.
* Total $13.28m. In your post of last year Yuxi Govt paid 16,900 CNY for 3,300 tonnes of Phoslock ($11.751m).
The market disclosures around Xingyun are going to get intense scrutiny.
... and there is and hasn't ever been any contracted work for Shilongba. Only Dianchi trial.
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- Ann: Half Year - June 30 2020 Report and Accounts
Ann: Half Year - June 30 2020 Report and Accounts, page-62
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