thoughts on announement, page-31

Does anyone how the customer receipts have been incorporated into the debt position statement? They have listed A$572m in cash expenditure, of which A$130m is unaccounted for, for a net cash outflow A$700m.

The company generated around $120m revenue from copper alone in the last quarter, so how has this been incorporated into the final balance? Sepon in particular is cash flow positive, so unless CAPEX has been especially high, it's unlikely the item 'Sepon Projects' represents net cash outflow for this site (at A$58m).

Surely cash inflow has been included in the final balance, I just can't see where it's been accounted for. The A$130m of 'other' outflows makes it all the more unusual (add this to missing net revenue, that's a large figure). Zinc has been a drag no doubt, but it only went below 70c in October, so couldn't account for this discrepancy (meaning it wouldn't be a net loss from the July period).

Anyone know what I'm missing here??


As for "Ive no idea of the cash burn breakdown and dont pretend to."

How about getting an idea before you downramp on the basis of cash burn.