The start of commercial operations will be mutually agreed between the TPDC and the Company after testing and commissioning has been completed. Each month, the TPDC will be required to pay one month's revenues in advance, secured with a letter of credit issued by the Tanzania Investment Bank. Monthly revenues will be calculated based on actual production, and adjustments will be made at the end of each month for any discrepancy between estimated and actual throughput.
WE could as from 1st May get, 1. Solo payment. 2.payment for gas used for commissioning and testing. 3.Advanced payment for May gas production.
This would certainly help with cash flow,would it not?
Anyone know what the payment terms are under the GSA ? As supply was announced at the start of the month , assuming we invoice at the end of April, when do we expect to get paid for the gas ? Cannot find any payment terms in any RNS apart from the fact we have a payment protection in place. Hopefully now the new website has been rolled out the AEX PR machine will fire up in May and running up to the AGM on the 18th we can have a positive spring board to the announcement of the first payment in the coffers. GLA MrF
When the tipsters start seeing the value in our stock it really must be blindingly obvious, as they are always the last to realise. Malcy and Motley both highlighting Aminex over the last couple of weeks!
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