I wouldn't say it's good news. In current conditions I don't...

I wouldn't say it's good news.

In current conditions I don't think a write down on the original purchase price of Mayoko would be much of a shock, the more worrying issue for me is that Exxaro and the ROC seem to be tangling on the infrastructure access deals.

I also wonder whether this may be a negotiating tactic from Exxaro, basically saying to the ROC that they are prepared to write down and stall the asset if terms can't be agreed to for rail and port access.

This argy bargy comes as a bit of a shock to me because there has never been any issues with EQX and the ROC Government.

I've always believed EQX access to port and rail is a bit of a forgone conclusion, and that EQX had a good idea of what the tariff fees etc were already going to be because they included these costs in the Scoping Study to calculate the OPEX.