Ann: NTU - Refund payment received from ATO, page-2

This announcement makes the cashflow position of NTU going forward a lot easier to estimate;

Inflows:
Cash; $11.9m 14/9/2020
ATO settlement balance; $1.3m @ 17/9/2020
Balance of $22m capital raise; $2.9m @?date

Outflows:
Balance of 3Q operations costs; approx $1m by 30/9/2020
Sinosteel EPC final payment; $2.1m @ 23/10/2020
JHY notes repayment; $2.0m @31/12/2020
Est. 4Q ops cos; $8m @ 31/12/2020

So worst case (without the $2.9m proceeds from the capital raising) is debt free with $100k in the bank on 1/1/2021. They would obviously need to arrange some ongoing finance, probably through Lind given the very positive comments in the previous release.

Best case; +$2.9m from the capital raise, +$4.0m ATO R&D rebate (the quantity and timing of this is pure conjecture!) + possibly some product sales to thyssenkrupp once the get the plant operating again, which all up could see them through till the end of 1Q/2021.

Either way they get into 2021 debt free with their pilot plant, exploration and resource definition projects ontrack, which is a far better position than they were in a year ago when the sp was up around the 6c mark. Possibly some sp upside and reasons to be cheerful for NTU holders?