Thinking about it, Ewoyaa seems to be running a cash calls system. Atlantic spends the cash and puts a claim to PLL. PLL pays that or its share of that payment.
The MIIF investment into the Ewoyaa owning entity will boost the cash position before further calls to partners for cash are requested.
The combination of delays between committing capital expenditure and paying for it, paying for capex and getting refunded and the additional float that MIIF funds have provided into Atlantic could easily create the situation of Atlantic talking timeframes earlier than those that Piedmont note for its cash payments.
Ann: Piedmont Lithium Reports Q4 & Full Year 2023 Results, page-18
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