Cash declining tends to happen when you spend $215m in a year on capital expenditures.
Their existing mining operations are profitable and they generated $165.2m of cash from operations - cash was spent on capital expenditures at Shine and stripping at KI ($215m), plus $16m of dividends paid last FY plus $10m of lease costs.
So your comment about "positive quarter" is a nonsense as they are already generating positive cash. The primary negative draw on cash (being the overburden stripping on KI) is coming to an end in the next 3 months, after which they start throwing off substantial surplus cash.
DYOR & GLTA
MGX Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)