It does look that way. Not an accountant but our cash receipts was nearly the same as the two previous quarters combined (aka the half year). Cash balance went up $56 million from last quarter. That is a lot of cash particularly when sales volume dropped by nearly a quarter due to Suez blockage, covid restrictions, shipping issues. The magic here is the average selling price of REE continues to increase and next quarter should be higher again and capture all the present high REE prices. Hopefully there will be no Suez disruptions and shipping is sorted. Should be a staggering half year report if REE stay high.
Ann: Quarterly Activities Report, page-11
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| Open | High | Low | Value | Volume |
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