Ann: Strategic Investment from Sichuan Hebang Biotechnology, page-249

Really how is it not convertable . That loan will be convertedat 0.006 if/when the Tranche 2 placement is approved, this will be voted at the AGM or next GM. I suggest you and all those thumbing you up go and do some reading. Only way it won't happen is through issues with getting regulatory approvals.

Here is a link holders might like as the chart will update, I be figuring the YP price would be about $3000USD/t FOB Darwin atm if the operation was going. China if far the largest producer and price setter. The bulk of the prices on the charts would be China FOB + shipping.
https://businessanalytiq.com/procurementanalytics/index/yellow-phosphorus-price-index/

After the scoping study is released and if it is favorable I reckon AEV are going to need a pilot plant as the perhaps beneficial high silica levels in the Wonarah phosphate will need testing outside a lab.