ELE 0.00% 0.5¢ elmore ltd

Ann: Quarterly Cashflow Report, page-90

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  1. 6 Posts.
    Did i miss something, i thought we sold the ore ex-mine gate, meaning the buyer picks up the ore when they are ready for it. i hardly think a large steel company waits until they need the ore to ship it in.. they work to on-time delivery so they dont have massive stockpiles awaiting use, and they dont have to pay until they actually need it.. imho.
 
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