Meeting was a formality & all resolutions passed .
MC later explained how spod grade is determined.
Someone here asked about this last week .
Answer. The labs in perth test samples to be shipped & state say, 6.3 %.
When ship leaves dock 95 % of cargo is paid...
on arrival in china ...burwill labs test samples & after confirmation of 6.3% the balance of 5 % is paid....
MC was asked about Fines circuit progress & anymore offtake deals pending ..etc ..but he could not disclose info . coz a quarterly will announce latest news & figures shortly ...Fair enough .
All in all everbody was 'up beat' & MC seemed confident alls going well.... so I ate all the bickies !!
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