Interesting, in the 5B for Dec 17 Qtr we had an estimated ($2.316m) outflow for the March 18 Quarter (no inflows noted). Total estimated outflows for June 18 qtr are ($348k) with $2.354m inflow from revenue noted.
March quarter wasn't good, but I don't think anyone following NSL thought it would be. They let us know as much, and at the same time let us know that April had a better outlook. The Sales update confirms this. I understand we had 7kt stockpiled at the end of March, but 10kt+ sales in April is a good result. Especially if 10kt was produced in April as expected, meaning there is potentially a stockpile of 7kt awaiting delivery. Hopefully April production gets confirmed in the next week or so.
Well overdue, but finally seems that we may be consistently producing.
NSL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
