The way I'm reading this it says that we should be receiving the loan repayment monies in the same sort of timeframe as the dividend payments from SML as further payments are approved.
As of the 2021 Annual Report, there was US$ 22.054M (~32M AUD) owing on the loan. $9.772M (presumably the $10M declared loan payment less some associated costs) is listed as 'current portion of the receivable, with a further $12.282M still owing after the currently approved payments.
Of course, the sale of the Lulo Rose will likely precipitate a further dividend and loan payment from SML, quite possibly enough to clear the loan completely.
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