RE:RE:My take on the impact of the iron ore fiasco
I don't think that the client is as dissatisfied as you thought, and I believe the product was not sold at a fixed price, but rather some cooperative work in between the client and Largo, and therefore the financial impact is not disclosed until this quarter. Both of the client and Largo determined that it is not worthwhile to further pursue further transactions for the poor quality iron core material, because the iron core price is no longer at its peak.