banks investing top 20

Thanks for your input Fish3. I notice a change in the top 20 shareholders that ANZ and HBSC are now mentioned. I don't recall seeing them last time. A bit of a show of confidence. Can anyone explain please what the Pay or Take arrangement is (how it works) with Uley. Jim seems quite excited by it and appears to have positive cash flow implications but I have't really got a true understanding what it all really means?
Annual report is positive and a number of big projects maturing. With such potential and a new MD lets hope burst out is immanent.
fc