RE: Painful SP, but confident will come back30 Jan 2025 19:59
Pekingduck
It's not as gloomy as you imply.
TDT
"The available cash on 30 November 2024 was £2.6 million (USD3.3 million) due to the one-off VAT payments for the importation of equipment, metallurgical tests, technical study and capex for the expansion programmes. The import VAT is not accommodated within the available facility with Bank Windhoek; therefore, the Company expects to receive a refund for most of the VAT paid."
"Furthermore , when the approval from the Namibian Competition Commission on the Lithium Ridge agreement is received , SQM will pay the outstanding USD1.5 million balance of the participation fee. Andrada is also advanced in discussions with development agencies and debt providers for expansion project capex, as stated in the interim financial results released on 28 November 2024."