"FYI the September financial report shows loans and borrowings at $609M, and unearned income $200M (prepayment - in other words they have to supply $200M of uranium to cover this prepayment).
The sale would bring the debt down to $419M. They still have to $200M prepayment to pay back with uranium sales."
No it wouldn't bring debt down. Unearned income of $200m is cash already received...they just haven't delivered the product yet and therefore can't recognise it as sales revenue so it stays on the balance sheet as a liability.
motley value mine at $1,08 per share, page-19
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