He won't be able to because Josh is wrong (he's been wrong a lot lately). And Josh is the worst kind of wrong too; you can present the facts to their face and they still won't admit they're wrong. Here is a snippet from the last quarterly cash flow announcement (June Qtr) -
That looks like cash burn of 40.3 million, still not healthy but consider the following -
Plant rectification works targeting recovery optimisation during Sep/Dec Qtr's (Page 13 in Investor Presentation)
CATL coming out and saying they will buy up the Spod that our existing off-take partners can't take right now
Spod prices already very close to the floor value of USD550 built into all our offtake agreements (Read as not much more downside on the lithium pricing front)
Also from page 14 of the Investor Presentation announcement ‒ "December Quarter sales guidance confirmed at 65 – 80kt spodumene concentrate"
Now tell me, Josh, how our quarterly cash flow figures don't improve from here?
Ann: Pilbara Minerals Equity Capital Raising, page-481
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