ORE Chart, page-90

I am not sure what the market is expecting for the half yearly. I would expect a further loss with corporate costs being roughly the same as the previous half year. Borax is still loss making with revenue much the same the previous period. I do not expect any cash contribution from SDJ SA (Olaroz) in the first half which means the 30Mil from Q1 on the balance sheet will be further eroded to circa 26mil. It will be up to the market to see through the first half result to give the SP upside from current levels.


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