The company has estimated an increase of 270% in production and operating costs for the June 2019 Quarter, in the March 2019 Quarterly ($377k, a 270% increase in cost from the $102k spent in the previous quarter). Note that the total estimated cash outflow for the June 2019 Quarter was $819k.
https://www.asx.com.au/asxpdf/20190501/pdf/444r6yrj6l79qj.pdf
They have announced that they have received $1,020k in cash receipts for the June 2019 Quarter.
https://www.asx.com.au/asxpdf/20190703/pdf/446bqk7fh6m7ld.pdf
Based purely on the numbers above alone and nothing else:
$1,020,000 - $819,000 = $201,000 cash flow positive for the June 2019 Quarter
Even with further unforeseen increases in costs, as long as any additional operational costs are below (or around) $201k (keeping in mind that the company has already estimated an increase of 270% in production and operating costs for the June 2019 Quarter), then CIO will likely be operationally cash flow positive (or around break-even) for the June 2019 Quarter.
Excuse the spreadsheet (and possible errors). I put it together quickly and thought I'd share it:
Ann: CIO Achieves Highest Ever Quarterly Cash Receipts, page-46
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