So by the look of it , assuming all things remain fairly equal against the previous quarterly accounts and allowing for NO additional receipts coming from Piedmont . If we take into account the opening cash PLUS the further $37 - $38 million from the 2nd tranche of the raise which fell in July , we have received around NET A$52,907 million ( A$58.786 million x 90% ) for our shipment with the 10% balance to follow post 31st August. If reasonably correct , that would mean an approximate indicative NET price received of A$2,868 per tonne or only US $1,721 per tonne.
Not saying this is the case people , but if it was even near accurate , it would explain why they didn't want to tell us and why Lynch is gone. Wonder who the Customer is and Why if correct they got it so cheaply. How much did the Broker pocket.....
SYA Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held
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