Ann: Quarterly Activities Report, page-35

Hi Xjquan, this is not the first time where the receipt numbers didn't seem to agree with the $ per tonne that was expected based on selling price. Refer attached post by @Buzz Roman and subsequent discussion by @El Jefe and others (note it is in the days when we were operating under the TAW ticker)

https://hotcopper.com.au/threads/prepayment.4527413/?post_id=36430815#.XMoCfNF_WhA

I don't think it was resolved at the time on what the difference was, but I am starting to think there must be some fees or other costs (perhaps foreign currency fee or other transaction costs) that result in us receiving less than a simple calculation of selling price times tonnes sold.

All just in my humble opinion though and if anybody is contacting the company it would be good to get an explaination.

Thanks