Termination of the lease with Pedra was a kick in the guts, the short term negative impact of decision is a reduction in profitability of approximately $1.6m.
"I notice no mention of B-d Farm Paris Creek anywhere in the annual report."
Refer of convertible note, it was reduction from 10m to under 4, it seem the funds was repaid and did not convert to shares.
Ann: Appendix 4E - 2016 Preliminary Final Report-BFC.AX, page-33
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