Indeed, we do not know the finer details of the contract, though it may be allocated on priority basis given to the party, but not on a exclusive basis. The party is merely pre-paying to secure future supply.
Would be nice to repay the Euroclear bond first, then this thereafter. IMO the company is fully derisked once Euroclear bond has been cleared as that's the major debt that's holding the company's share price down.
Ann: Further US$20M debt reduction to the Euroclear Bond, page-13
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