Here are my further thoughts
- they go to some lengths to announce their cash balance as @ Aug 31. We can only infer the 90% payment for the first shipment was not part of this cash balance since it was received in Sep
- then they go onto say the cash balance at end of Sep qtr will be less as no further payments will be received
How can this be the case if the 90% payment was received in Sep?
Ann: First Lithium Shipment Boosts NAL Revenues, page-96
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