Last day of March quarter and the JMAG $10m off take pre-payment is nowhere to be seen.
NTU management expected the payment to be made during the March quarter.
This will turn out the same as the Huatai and Jien mining failed funding agreements IMO.
Fortunate funds from the recent CR will cover the shortfall but at the expense of the "project enhancement initiatives" the company had planned.
Big dose of reality, page-93
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