Presentation from ********* on Friday 24/3/23 below.
Do like that Nic mentioned the cash balance is going to increase substantially this quarter from the inventory capital requirement wind down due to the stabilized Mg price, should put the company in a very strong financial position for M&A and also increased dividends going forward. Going by FY2021 & FY2020 inventory requirements there is approx. $10-$15 million to unwind from the increased working capital of FY22 which is massive.
Also liked how Nic mentioned the recycling business has plenty of headroom currently running at 10,000t with a capacity of 24,000t. This means there shouldn't be any immediate need for expansion or further capital investment in that division when Qinghai initially comes online.
GLTA IMO
Presentation from ********* on Friday 24/3/23 below. Do like...
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