From the quarterly concerning Cosmos -
"Total expenditure for wind-down and operating activities in 4Q24 is forecast to be approximately $40M -$60M. This expenditure is expected to be partly offset by revenue generated from approximately 2,000t payable nickel metal sales during the coming quarter."
Could Cosmos be cashflow neutral or even positive for the quarter? By my calcs IGO should be looking at >200m FCF this quarter given better commodity prices and sale of the greenbushes stockpile.
Some challenges ahead with mine closures in the next few years, but with the balance sheet finally growing there's plenty of time for accretive acquisitions.
Ann: March 2024 Quarter Results Presentation, page-30
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Last
$5.36 |
Change
0.030(0.56%) |
Mkt cap ! $4.058B | |||
| Open | High | Low | Value | Volume |
| $5.27 | $5.40 | $5.25 | $13.09M | 2.451M |
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| No. | Vol. | Price($) |
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| 2 | 10681 | $5.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.37 | 807 | 2 |
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| IGO (ASX) Chart |