Thats $124m USD over the next 2 years. Based on spot price at the time of the agreement.
Spot price has since increased and according to the "experts" appears to only be going north for the moment, possibly break through $400 USD per mtu in the nenxt 6 months.
These increases add additional value to those contracts?
At the time of the agreements, $124m USD equated to $197m Australian dollars.
Don't quote me but, my understanding is that these agreements / contracts have already started.
As far as cashflow is concerned, I have no idea what payment terms are but, judging by the financials, there seems to be appetite from customers to prepay.
Read what you will into that.
Next 12 to 18 months will tell the story.
DYOR. IMHO.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12
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