FEX 2.63% 39.0¢ fenix resources ltd

Ann: Quarterly Activities Report, page-2

  1. 4,529 Posts.
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    They had a negative cash flow for the month. How does that happen when their C1 costa and Freight costs are $102/tonne and they sold 352kt product at an average of $177/t.

    Why didn’t they log $23m in inflows. I understand that they had tax and the $10 m to pay. But it just means their cash balance would stay static for the quarter. They did mentioned a $8.6m accrual item as well but still doesn’t add up.
 
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