This is what I like....
Kingho Offtake Agreement LC
As previously announced the, first 100% USD Irrevocable Letter of Credit (LC) received from Kingho Group for sales of January / February 2017 production tonnes from the mine was issued by Agricultural Bank of China, and received by the TerraCom’ Mongolian banking counterpart.
Revenue is there just waiting till Chinese New Year is over which is tomorrow. Revenue for the delivery of coking coal for Jan and Feb!!!!!
Ann: BNU Hard Coking Coal Mine Activities Update, page-5
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