RE: First payment?9 Dec 2025 20:09
Payment of first shipment will be subject to a bill of lading (receipt from the clipper tarpon) being supplied to Hainan, and Kodal issuing an invoice to Hainan with that, which will likely have 30-day terms on it. So hopefully we get paid before Xmas.
Also expecting interrim financial results before end of December which will tell us roughly how much it cost to produce the 45kt+ so far. Are we on-cost, above or below?
Maybe also expecting news this month of next shipment date estimate, as the Kuai Bang Hai 18 has been hanging around San Pedro for a week or so now. A superhauler owned by Hainan.
The lack of communication and confusion regarding payment is frustrating, but however you slice it, the only way is up for Kodal! 1p in 2026 is the analyst prediction from Cannacord Genuity.