From the report:
with cash margin of $13.52 per tonne shipped inclusive of hedge impact and negativeprovisional pricing adjustments.
Thanks to the hedging there was a positive cash margin. Then this:
A cash inflow occurred for hedging as March, April andMay positions were cash settled during the quarter, with the positive settlement for June occurring afterquarter end
But then this:
Salesprices have continued to weaken post quarter end so we are monitoring the situation carefully andconsidering options for the way forward.
So, if prices drop further operations may yet again cease for a while??
Ann: Quarterly Activities and Cashflow Report, page-15
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