Yes agree - expect all to be made clear with App 4D. Need to understand what they mean when ANN says "recently finalised a sale of four (4) cargoes". They have not said it this way before. Whereas before we are given "forecast revenue for the December 2021 quarter remains at is $210 per tonne".
Latest ANN:
"Blair Athol coal fully sold until mid-May 2022" stated 20 December 2021 is the headline with the following:
"The Company recently finalised a sale of four (4) cargoes in the period March to June2022 with its main Japanese offtake partner. The total tonnes to be delivered by BAunder this agreement is approximately 320,000 metric tonnes1, with the globalCOALNewcastle Index used as the basis for an agreed pricing formula."
So assume this is a forward sale locked in? Just make the delivery terms and priced through Newcastle indexing for the revenue.
Yes agree - expect all to be made clear with App 4D. Need to...
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