Less tonnes less revenue. Less tonnes more cost per tonne....

Less tonnes less revenue. Less tonnes more cost per tonne. Increased other expenses while keeping Balama in maintenance and finishing Vidalia (at higher cost). More borrowing. Depreciation, Write down of inventory etc.
As expected, the report looks ordinary. Plenty of questions around Management IMO despite the setbacks.
On the up, they are in the box seat to take advantage of ex China graphite and anode demand (natural). If they can't take advantage good luck to the followers??
Most I see still have some way to go to successfully mine let alone get qualification and despatch to end users.
They need to lock in the DOE loan in conjunction with the balance of the Vidalia capacity and more ex china supply. If they don't achieve this in the coming months, more pressure on cash flow once again.