Surprise Surprise ?
Summary:
• Cash on hand of $71m at 31 December, plus $34m in reserve acco September • Atlas to reduce Term Loan by A$20m in coming days
• Net cash used in operations of $1.2m in the December Quarter after interest and financial instruments
• 2.2m wmt shipped in the December Quarter, down on the previous quarter, with mining and crushing ending at Abydos as scheduled
•
Average realised price of A$58/wmt CFR inclusive of realised hedge impacts and option premiums
• C1 cash cost of $38/wmt FOB;
Full cash cost of $59/wmt CFR
• Atlas enters into agreement with Pilbara Minerals to purchase up to 1.5mt of lithium DSO for export; lithium DSO mining underway
• Atlas continues with diversification strategy; targeting 100 per cent owned copper and lithium prospects
Profit ? Like I said .. the lenders restructured the covenants to enable them to get $20m out ? That is where it is coming from....