Q1 Report Foretelling Strategic Review Outcome DetailsThe “Outlook and Strategy” portion of the Q1 report appears to be foretelling the details of the strategic review outcome and it looks as though a partnership is very likely. Notice the language of this section: “the Company intends to resume operations at (the) Itafos…” and then provides details as to how this will be done as follows: “Putting balance sheet on solid footing by ensuring healthy working capital position…” (i.e. money from partner); “…strengthening our team by bringing in experienced people…” (i.e. the partner will be stepping in and calling the shots); “…capture value throughout the whole organization in a structured and focused manner.” (i.e. partner is going to shake things up and reorganize the way business is done); and “Position MBAC as Supplier of Choice…by leveraging competitive advantages with logistics…” (i.e. partner is better connected to market and better able to sell the product). It goes on further to say, “Future growth strategy will be undertaken…” and then talks about how they are “very positive about the prospects of this (the Santana) project…” and continues further stating it will “make MBAC the largest producer in Northern Brazil and the second largest producer in Brazil.” Clearly, their partner wants to aggressively expand as well. There you have it folks – we just don’t have the financial particulars of the deal. Greg P.S. Don’t get caught up in the loss as it’s primarily currency related and immaterial.