OLY 0.00% 3.4¢ olympio metals limited

Harvesting & Revenue, page-251

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    Lets review harvest & revenue in light of recent announcements & 'tweets"

    Harvest:
    -biomass harvest timeline & methodology still on track & should be completed soon
    -trimmed flower: dried and being processed & packaged for market
    -we await total harvest biomass poundage & % CBD

    Revenue:
    - revenue from offtake contract starts this week---awaiting CLI confirmation of weekly poundage amounts & payment amounts
    -company confirms weekly shipments to DL & weekly payments
    -tweet said $300K ( USD/AUD ?) recieved 28th Oct 2019- (a recent tweet has been inaccurate & refuted later by the company)

    Summary:
    -Offtake contract initially confirmed
    -monthly cashflow may differ but overall contract for less than 30% of crop for $10.5 mil USD still intact
    -.Forward prospects of company have not changed over the past 3 weeks, IMO.
    -CEO highly incentivised to optimise harvest revenue over $15 mil.

    All IMO only.

    Last edited by moorookamick: 29/10/19
 
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