SYA 2.50% 3.9¢ sayona mining limited

Ha ha ha . No I don't think it should be put to bed champ. And...

  1. 12,830 Posts.
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    Ha ha ha . No I don't think it should be put to bed champ. And you of all people should know better than that.

    What , you think that the $48.6 million on WIP and Finished good at 30th June .......or the 1st July ...or a week later had actually been CHARGED out for those costs prior to 30th June....., or indeed on the exact last day of 30th June ......rolleyes.png.

    So Not seeing it in Debtors is pretty much meaningless if its actually still sits in the Inventories class .

    So that would be equivalent to around $12 million of uncharged ...., or ' Uncalled ' amounts made on Piedmont.

    And you yourself even elude to this in your subsequent post tas follows :-


    " ** It is unknown if a further cash call was made to the JV partners in July or August in which case the statement they would have been short without the benefit of the AUD200m CR would not apply if PLL's contribution exceeded AUD13m . I suspect a cash call was made."

    " Just prior to the receipt of the AUD70M, SYA would have been short AUD13m had it not been for the CR.** "


    So the reality here is that Sayona would have ' Called ' on the amount in the early to late July for the amounts relating to Inventories produced largely in the previous Quarter. So it still means that Piedmont OWED the Quebec Sayona venture around A$12 million at balance date in my opinion.

    Happy Grand Final Day people. And what a glorious day it is down at the ' G ' ......wink.png

 
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