Ann: SECURES SALES AGREEMENT FOR 100,000 TONNES HMC, page-12

I don't think hitting guidance for CY2020 is going to be an issue, given they have indicated in their last announcement that "potential sale to others will serve to monetise Image's current surplus HMC inventory across the next 3-4 months, and maintain more timely sales of ongoing product". If guidance does become an issue, they have an obligation to keep the market informed.

Some larger volumes moving this morning which is interesting. It will be nice to see the SP enter the 20's again. I am excited to see the quarterly later in the month with an update around off-take partners, debt and project MORE. The next couple of months will hopefully present a reset for the SP.