Ann: Paulsens East Maiden Shipment and Operational Update, page-23

LEL going on a run... no doubt why there is some interest here today...

I'd assume they wouldn't pay down all their debt with the maiden shipment funds. Half? a Quarter? Who knows but they could leave themselves in a cash position..

Go back through all the the announcements and time and time again stage 1 is suppose to fund stage 2... So at what point is SRK going to say "Ok market conditions are good enough to continue to ship out of PH"?

f*ing frustrating...

Need those Ashburton approvals to ship scale.. Then it goes cash positive even if haulage rates are high. Frustrating hold.. But with LEL in the pocket its hard to let this one go.