Just finished reading the Petra report and wanted to note a...

Just finished reading the Petra report and wanted to note a couple of things and see what you think. The first is this statement:

In particular, the 3rd sentence referring to a 90% payment upon delivery. Does this mean that over the last few months that despite not sending material on ships yet that it has been securing revenue from OM upon delivery to Port? This is of course assuming that E25 has still been hauling to port and taking advantage of their laydown yard. It would also assume that the material has been 'sold' despite not being earmarked for a ship.

The second thing was the discussion on credits. To me this still doesn't sound overly confident that credits will be given but it has confirmed that there won't be delayed revenue from the first few quarters of production. Current expectation seems to be that they will come into affect in the September Quarter this year once the ore sorter and improved washing improves the ore quality to the point where credits would be awarded. Does this align with others thinking?

Also wasn't too encouraged by Petra identifying anything that wasn't plant or an excavator as a dozer, despite them being a truck (figure 5) and a loader (figure 8). Hopefully better at financial analysis than they at identifying equipment...