I think I may have got a previous posting today a little wrong so here is what I believe now. The earlier Prepayment of $40 million was paid back during the quarter by delivering coal shipments against it. Accordingly I assume these particular coal deliveries are therefore not included in the "Coal Sales" line item in the financial reporting. And as a previous poster mentioned we dont know at what price was allocated to these shipments although a responding poster has said it was done at NEWC market price. Anyway, the takeaway from me is that the coal sales volume to be reported for the current Qtr ( Jan-March) will, all things being equal, be well above that for the Dec Qtr since we have cleared the deck so to speak regarding the Prepayment and ALL coal sales henceforth will, "financially speaking" , report direct to the bottom line. That will give the Jan-March EBITDA a significant boost. Please tell me if I am mistaken on this
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- Ann: Quarterly Report - October to December 2022
Ann: Quarterly Report - October to December 2022, page-32
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