It is not stated in the announcement, but then it doesn't need to be stated, but Bayan are going to have to face the same problems with river water levels that KRL had to. Most coal is barged by barging contractors, so the only difference here will be that it is Bayan who engages the contractor rather than KRL.
Given the agreement is FOB, then the sales, and the revenue will only flow when the river flows. Bayan are not going to load barges that cannot transport it to the port downstream so they are in a no-lose position.
KRL Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
