Well , we all have to make our own decisions and you've made yours so that's the end of that.
For the benefit of others let me say, as an accountant, that there is nothing to clarify when it comes to what is only a PERCEIVED inconsistency between revenue and receipts from customers. Revenue is calculated using accrual accounting and receipts from customers is reported on a cash flow basis. PIL is entitled assume that everyone who reads their financial reports has the necessary skills to understand them.
Same applies to geologist reports by mining companies. I often don't understand them but that's not a problem with the reports; it's a problem with me.
I like the smidge deal. The money is coming in by instalment at a premium to market as and when we need it. The final $330k of the second lot of $1 million should be dropping any day.
(20min delay)