You make a valid point Happ. I guess the way it is written is open to interpretation, maybe the company needs to clarify. The pertinent sentences being:
"The outstanding balance of the CMC for Year 1 equates to $4,146,948, which Aurizon has agreed to be repaid in monthly instalments during the 2024/2025 financial year. The Company notes that this payment already formed part of the Agriflex 2024/2025 financial year budget prior to the finalisation of the Agreement, and it is therefore not a new or unanticipated cost."
Are these FY 23/34 costs pushed into FY 24/25 and if so, how/why were they already accounted for? Or maybe the charges for 23/24 were only to be paid in 24/25 FY as part of the initial arrangement on a deferred payment basis so the variation is merely that they are to pay in 12 month instalments?
But is clearly stated that it is not a new or unanticipated cost and that is the element which is important to me. Or am I too easily gaslighted??!!
CXM Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
