Ann: Presentation - Strategic Partnership and Long Term Funding, page-147

Haha, here comes an other line, "uncommitted spod" Our spod is committed to Western Companies taking advantage of all the West offers for clean, quality spod in low risk jurisdictions with great management. It means we can move it all, not like CXO, IGO and others who are stock piling as China has them by the short and curly.

The non connection to China, with shareholding, off takes and loans, is huge. Many here don't get it. BTW, All your holdings are in the jungle, with 3 tier management, deep in corruption and non trading, China uses this to manipulate prices, try to learn.