Indeed, and the sentence that should really be noted is this The balance of security yet to be released to Orocobre for the Standby Letters of Credit now stands at US$22.7M and this is expected to be received by December 2017.
Back in March, when they presented the half year results, they indicated the sources of cash flow that would fund the phase 2 expansion. The SBLCs were forecast to be released within 12 months - December 2017 looks to be ahead of schedule to me...
ORE Price at posting:
$3.50 Sentiment: Buy Disclosure: Held
