Ann: Update on settlement with Rizhao, PLV 44 and Silver Fir, page-6

Its not a case of just billing Silver Fir as that means nothing if you have no security about the ability or willingness of them to pay.

Why would you let an iron ore asset of some millions of dollars be transported overseas without a gilt edged guarantee of payment ?

Would you send one of your assets overseas where you have no control without a guarantee of payment?

I certainly would not and anyone that does leaves themselves open to be ripped off.

A fool and his money is soon parted.

You cannot trust anyone in such transactions and if you do you have no one to blame but yourself.

This needs an explanation as to why such asset was released overseas without a suitable surety.