$18m + no debt

Hmmm....a sober so-so announcement:

Working Capital of $18m + no debt
Now selling Sn...but margins must be down
Costs are up...but how much?
Production slower than anticipated...bottlenecks but solutions are now been applied
Royalty revenues down 20%
Rentails and Wingellina mothballed in this financial climate
But..there was a positive in these gloomy times:

"Viability of the mine not under any threat"

I take this to mean that despite the above, Renison can produce and sell sufficient to sustain itself so cash is not a problem.

Conclusion: This announcement says we will survive.