Ann: First Lithium Shipment Boosts NAL Revenues, page-23

Jesus - So they aren't going to bother telling us how much we actually sold the product for. I'm convinced these guys are trying to run SYA into the ground on purpose.

The balance of Sayona’s cash and cash equivalents as at 31 August 2023 totalled A$257m. As no further
cash receipts from NAL customers are anticipated in September 2023, it is expected that Sayona’s
balance of cash and cash equivalents at the end of the September quarter will be lower than at 31 August
2023. Customer payments for additional sales of spodumene concentrate recognised in September will
be received by NAL in the next fiscal quarter (Q2 FY24).

NAL’s current port inventory is approximately 30,000 wmt of spodumene concentrate, sufficient to supply
offtake partner Piedmont Lithium with its maiden cargo of circa 15,000 wmt due to be loaded in
September (date to be confirmed). NAL will receive cash payment from Piedmont Lithium for its cargo
under the offtake agreement within standard commercial terms following completion of loading at the
port. The current port inventory plus the positive additional product volume from mine production will be
sufficient for an upcoming cargo for the NAL joint venture in late September / October 2023 (dates to be
confirmed).

These two paragraphs clearly contradict each other. On one hand it says no further payments this quarter. On the next breath it says that the PLL shipments will be made once loading is complete at the port in September. So which is it?