That's interesting. I have two follow-up questions. Firstly, regarding the inventory issue, they have too much inventory. How do you think this will play out? Management says they can release 40 to 60 million in inventory within the next 12 to 18 months. Do you see any risk in this assumption, considering the prices may have dropped further, leading to more write-downs?

Yes, there is definitely a risk. Prices will eventually start to increase, but I believe this will take longer than 12 to 18 months; possibly up to three years. So, there is a real risk of further write-downs. On the positive side, they have significantly reduced their forward purchasing. For instance, in Australia, they haven't purchased any 2023 vintage and they've indicated they probably won't buy any 2024 product. Once they sell their current stock, they don't have many commitments for future purchases in Australia or the UK. I'm not entirely sure about the situation in the US, but they do have an excess of inventory. The risk, as you mentioned, is that the price could still drop over the next 12 to 18 months.