Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-352

Agree, all sounds positive but nothing is moving until Carrinho offtake locked away so what is stopping this? Lindsay and the team need to sort that out, even if a reduced offtake signed to a level to comfort financiers then we are away. They've had long enough so sort this out, time for some real progress.

And before anyone says Carrinho MOU is binding, I am well aware of that, but obviously the financiers want to see the details of the deal formalised into an offtake, not just a binding MOU, which is fair enough.