"If the agreement is to supply at spot then it doesn't cost then...

"If the agreement is to supply at spot then it doesn't cost then anything and if things get tight in the paper world it is good insurance to have a supply tied up."

WAF has the right to buy back the off-take at anytime on agreed (but unspecified) terms. It is costing us something, we just don't know how much.

"the Company will receive the prevailing spot price subject to an agreed quotation period"

I suppose it comes down to what subject to an agreed quotation period actually means!! Is it really the spot price we are getting or will someone be able to play the spread over the "quotation period" or something like that?

The disclosures around this finance deal and the accompanying equity raising are very minimal IMO.

I'd like to know what "reality" actually means. Does it refer to undisclosed agreements or prerequisites to the debt deal.

Managment seem to be lost in the noise here. Hello anyone home!!! to explain how we got sold down the river. Esh