1600t cathode copper at end of quarter is not recorded

1600t cathode copper at end of quarter is not recorded as a sale until it crosses border -
that is about US$11M value missing from Sep Q figures

that's where you get the loss .. timing of cash receipts from sales..will show up in next Q released as a boost to sales + cashflows

when mr market works it out .. TGS will bottom and run up to the Dec Q release knowing its sales + cashflows will be looking better by then.