Ann: Quarterly Activities Report, page-2

Sales have increased so that's good. I was also very please to see sales growing in different industries and customers!

Sinohydro continues to drag on but at least I can see they met with someone.
I think I'll be a pensioner by the time this is done.

• Bank Facilities with KCB Bank of Tanzania were renewed in July 2018. As part of the renewal the overdraft was reduced from US$1.8 million to $0.9 million with the balance converted to a three-year term loan and the invoice discounting facility for sales to a customer, Lake Cement, was not renewed as it had not been used for some time. All other terms and conditions governing the facility are relevant to the new facility.

Can someone explain this to me?? (Dammit...where a format painting brush on HC!)

I'll continue to hold thx.