The question to ask, has E25 been paid for its second shipment in August? The agreement was to pay at the time of shipment. If the payment of $5,443,000 is for 2 shipments then its really looking really poor.
If its for one shipment then its OK, but frankly I think its for the two shipments. I can find no mention of why the second shipment wouldn't be paid in the Sept quarter as the agreement strictly stated that payment was required at the time of shipment due to E25 needing cashflow.
In which case E25 is getting A$3/dmtu
Ann: Quarterly Activities Report, page-4
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