RNU missed the cycle unfortunately, but in some ways they made the most of the cycle without being overexposed. If they were halfway to production and in debt, then looking at breakeven mining for the first part, things would look messy. Much like a lot of lithium miners who are going into C&M and burning cash.
They'll hopefully be primed for the next cycle, only issue being how far away that is.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
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