Nope. Cash on hand 31 December 2018 was US41.1m. They received US$280m this quarter and payed out 8.4m in tax. 41.1m + 280m - 8.4m is US$312.70m. Except at 31 March 2019 they had $285.30m cash on hand. That's a US$27m loss or A$38.50m.
PLS lost $15m for the quarter. Less than half what GXY did. Do the maths you say....
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