@bruham Civmec has a MC of $48m. hardly huge.
Maybe you are getting confused with Cimic. $7.3b
You can understand that a company Civmec size, an aged accounts receivable of this size is probably starting to become a problem for them. plus end of FY their auditor will be asking questions. Accounting standards would likely require some write downs of aged receivable.
Ann: CVL: Civmec Pursues Altura Lithium for Payment, page-54
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