"You need to factor in 10,000DMT already shipped and paid to the $10m left at the end of the quarter, before adding what we will ship in Nov/Dec etc - I think its reasonable to think we would shipt ~ 25,000-30,000 in Nov+Dec. "
very true I didn't include the circa $10M they will get from sales made in October. That makes me a lot more comfortable that they will get through the quarter unscathed.
If they sell 25k including the 10k already sold that will be a great result and I think we'll be out of the woods for this quarter. There's not much wriggle room though and the delays have really cost the company being able to be flexible with loan refinancing. My perfect scenario for the December quarter would be they are cash flow positive by $10M and at nameplate. They can build from that and then look at refinancing the loan and stage 2 offtakes and finance.
AJM Speculation, page-174
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