Ann: Quarterly Activities Report, page-153

Well I don’t think A40 needs to worry about that anymore. AJM, while enduring crippling debt, are admirably achieving consistent shipping and a floor price on their contracts.

On the other hand, GXY are now receiving spot pricing and our offtakers pick and choose whether they abide by there contractual obligations.

At the end of the day, it doesn’t matter what production costs are if customers aren’t buying. Profitability can only be achieved when GXY consistently sells it’s product.