Ann: September 2021 Quarterly Activities Report, page-14

How am I scaremongering?

Less tonnes shipped in October, the better for us shareholders, we're literally paying for Chinese Aluminium production right now. You're the one who has it the wrong way round.

Also in reply to your nonsense.

1) They can't make it work if they go insolvent, are you saying they will somehow make more cash if they sold more at a loss? No doubt their forward plan is better, but we have a cash problem now.. see SO4.

2) I said nothing about Bauxite price, you're strawmanning here.

3) I said nothing about management or shipping, I am talking about the need for a cap raise, are you trolling?

4) It fell at the very end of october, ships contracts are signed at a price prior to the ship arriving meaning if your 1MT assertion is true, MMI has paid top dollar for 1MT of ultramax freight??


Next time read what I am saying instead of going on tangents, I'm talking about our cashflow situation, and the scale of cap raise required, while you're dribbling on about other nonsense I'm not talking about. I didn't even say anything about management or bauxite prices.

I'm using an optimistic prediction of 300-400 while you're implying we've shipped at major losses, and you say i'm the one scaremongering?