Ann: More than $11 million secured in accelerated sales program, page-105

What was personal about asking you if you had read the announcement when you made a statement totally incompatible with it?

Why on earth would they make additional orders when they have 2.85t of inventory? Do you think they are suddenly going to sell all of that inventory in 6 months then wade in for more? If they'd been selling that level of product they'd have been buying more in the course of normal business, QIN have clearly had the inventory.

The only reason they might buy more is because QIN offered them a further discount on the rest of their off take contract to extinguish the liability - in either case, QIN are reducing their value by extinguishing their forward sales.