Ann: Corporate and Operations Update, page-30

Bit of the good ,bad and ugly.

Good to see at least one promise delivered in the form of hydroxide JV and improvement of giving shareholders a much clear view of today and the day after.

Bad is frequency of shipping and still unclear about second offtake which was apparently "finalising in January 2019. Hard to trust them now with progress in this field.
Reduced number of drilling rigs is concern as LOM plays a huge factor in assessing value of BH and A40.

Ugly -  (as being for months) is the cash available despite all loans and recent CR.
Dick Smith stores had plenty of stock on hand and it did not helped much to go bust. Stock turnover is the key and this must be now the first priority for MC and the rest of team.
It is easy for dilute shareholders but very unlikely to see share buyback when market conditions will improve.

Overall, nothing unexpected and is perhaps market expectations of better progress that resulted in such sell off today.

Some must have fear or have doubts that we will survive having a Tribeca "cloud" over our head with such bad bank balance. At least 2 good shipments in August is a must IMO.