RE: Valkor License Revenues RNS15 Jan 2025 07:28
But is there a typo in the RNS?
· The supply by Quadrise of a smaller Multifuel Manufacturing Unit ("MMU") of 600 bpd capacity on an interim basis during 2025, for which Valkor will pay US$0.2 million on 1 December 2025, with a further US$0.3 million due to Quadrise upon supply of a full size 6,000 bpd MMU to the PPS in exchange for the 600 bpd MMU by return.
Why would we supply a 600bbl per day MMU in early 2025 that isn’t paid for until 1 December 2025?
Surely that’s March? Or April?