Ann: Corporate and Operations Update, page-216

Hi Xjquan interestingly the first item in the review scope is

"A review of its existing offtake arrangements with JBJLIL, which includes an interest-free prepayment of US$8.8 million, repayments of which have been frozen until 2021 "

I wonder what they will be reviewing? JBJLIL seem to be taking their required volumes, though perhaps more to the non shipping over the last few months? Obviously a regular shipping schedule would assist with cash flow management.

Funny that the interest free pre-payment got a mention, perhaps there is scope to increase it in recompense of some possible missed shipping schedue. Like we don't seem to be in a position to repay it early, so strange it's mentioned otherwise, they don't mention any of the other terms.

Anyway, I hope they have been working on the review over the weekend, I wonder when we will hear anything further.

Thanks