Well, IMO your estimate is totally wrong - based upon how much they used to seed Phase 1 then I think it should be under $1m worth.
The positive Dec cash flow shows nothing other than receipts exceeded payments. Most people recognise that timing differences can distort the true position. After all, April 2014 was cash neutral - but they still needed two CRs and a debt renegotiation to get to where they are today.
Why are they firing up Phase 2? Phase 1 isn't running at nameplate yet. So, either they don't have the customers - or Phase 1 still has problems.
No Mystery Here, page-4
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |