Chapter Five: Buying Upstream with Orders

The miner could not demand payment without first securing export quota, and its performance cost exceeded the receivable. At one a.m., Shen proposed a three-party substitution. Dongrui would not pay ¥8.7 million. It would assume four thousand tons of the six-thousand-ton commitment, backed by six customer orders. The miner would pay ¥1.7 million to repurchase and cancel the remaining two thousand tons. The miner accepted two hours later. It paid ¥1.7 million to escape an export obligation expected to lose at least ¥2.7 million. Because Lanshi’s assigned claim followed the amended underlying contract, only a reconciled security-deposit claim remained: ¥900,000. Zhou slapped the table, laughing. “Gu paid four million for nine hundred thousand?”