Ann: Syrah offered Conditional Commitment for US DOE loan, page-46

Agree with your summary perspective. It has been a very big monsoon and yes shipping and container BS set up is vulnerable to container availability. No containers we watch the ship's come and go from Nacala.

However Pemba may be an upside.

More downside is the huge flooding event and tragic losses in Durban. The damage is big in South Africa's largest shipping port. If Nacala or Pemba product is shipped via Durban then more shipping issues in this current quarter. Good article in Nyasa Times a week ago re Durban shipping disruption.

We will know soon enough. No probs. We would like a positive quart Ann but quiet possibly we may end up with less shipping but huge inventory if Pemba can store such

Bery intriguing quarterly arriving. If shipping less than anticipated they can sugar coat with next quart expectations and they already have with early release of DOE loans - non binding. butthry released early for reason