Ann: Response to ASX Query, page-5

  1. 60 Posts.
    "There is no credit risk associated with Shanghai Richer Link as deliveries are paid for in advance." ...right, because they've paid $2.25usd for one shipment at the start of a five year contract. Thought that comment was pretty amateur to have in there, and I understand their point that they believe they will just be able to find other buyers for it...but that's a big assumption.

    Pretty strong response though, bit too defensive for my liking and would have been nice for them to reference that McKinsey report considering the reliance they placed on it. Will be interesting to see the view of those more experienced than I...
 
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