E25 element 25 limited

Ann: Quarterly Cashflow Report, page-2

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    If I adjust the cash flow for the additional shipment which was mined and processed but not delivered I calculate that they were effectively cash flow negative to the tune of around $2.5M. Moving to bigger ships (and the expected reduction in shipping rates anyway) plus ramp up to nameplate and not hard to anticipate that they will be cash flow positive shortly. All IMO and DYOR
 
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