My reading of the financial situation is that, failing further floods or fires, March will already be quite strongly cashflow positive, and lift Q3 well above break-even. Following that, Q4 should comfortably set a new quarterly production record for the mill and be strongly cashflow positive.
The company should be in a position to increase the rate of debt repayments in FY25, if they wish.
All IMO.
Ann: Maiden Reserve at Bulletin to drive step-change, page-20
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