Ann: Trading Halt, page-55

Agreed. This announcement could be a simple consolidation of the separate agreements with TAW and 40F with some additional flexibility due to delayed shipments. However, there is bound to be some amount of panic considering the type of announcements investors have seen since the merger was announced. The continuous delays in shipment doesnt instil much confidence either. The fact of the matter is that production has been ramping up to nameplate but we are not shipping the product and our offtake partner has already provided excuses that dont really hold water - 'availability of ships'.

Lets see what the announcement brings. If there are any issues with Burwill agreement, the SP will tank and recovery (even if sentiment turns - not likely) will be slow and gradual (months or even a year). At least this is what I expect to happen if announcement is not positive.

If the announcement is positive, in the current encironment, I would expect the SP to hold or go lower slightly and consolidate until next quarterly where we will hopefully break even or be slightly cash flow positive.

All IMO. DYOR.