I agree @SteveSage that free cash flow doesn't necessarily guantantee anything about the income statement profitability but I suppose I was looking at this from a different perspective.
On my numbers MCE hasn't generated free cash flow since 2017 and so I was celebrating this achievement in isolation. Given the horrendous cash burn over the past 6-7 years I took that as something worth celebrating!
Ann: Bell Potter Unearthed Presentation 2024, page-7
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