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Ann: EN1 Q3 2019 Appendix 4C & Commentary, page-19

  1. 5,598 Posts.
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    You are aware that they are only paying on what they take out they are paying as each trance gets utilise.
    They are not paying on the whole $26 mill they are paying as each trance gets used.
    Currently it’s first trance, so they are only paying on the $1.6 I think they took out.
    Smart move so does not matter if they took
    15 mill or 100 mill it’s only what they take out of each trance.
    I think you forgot about that.
    WHICH IS VERY IMPORTANT
 
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