From past Ann’s was it not the case NMT received no cash from the first six month shipments from Feb to July 2017 due to loan repayments but that some $20m was expected for FY18 which starts from end June 2017 so I’m expecting roughly $10m to be paid to NMT this month by way of a divi from MIN but I could be wrong, anyone know for sure?
I’d need or read back past Ann’s to check but I’m rushing out so may do later, I’ve a feeling from memory our end is $20m for FY18, what perhaps isn’t made clear is the loan repayments but seems odd to mention a number wee aren’t going to get.
Remember $20m is only 13:4% of the whole and the six month from Feb 17 to end June we got nothing for our % of that due to loan repayments, we’ve now seen a full six month income from end June 17 until now with mine at full tilt on 6% and 4% ore so roughly say $80m or so after costs in total, I’m not sure the plant construction costs which are to be paid back from that cash and thought it was all paid from the 2017 income, I’m expecting money from mine to flow this month, Loop.
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