Ann: December 2023 Quarterly Activities and Cashflow Report, page-26

As someone reflected recently, financials are key to brokers and perhaps shorter's alike. As a shareholder, you don't want to be seeing too much negativity but today the financials over road the good news re the UK venture.
Vidalia cost over run again to $209 Million. Every 3 months they have increased spend quite significantly IMO. At least they clarify it's now about 20% over the FID. Hope they do better on the estimates for the expansion!!

Still unable to get cash flow neutral yet positive for Balama. Prices are low as explained but still spending $4million a month in care and maintenance seems a lot.
I'd love to see a graphite spike like LI but as time goes by I'm less optimistic. Not much point mining it at these price levels outside China. Perhaps the ex-China squeeze will come in the next 12 months and we get a turn around.
Looking forward to first anode shipment and hope they can ramp up quickly.
Currently all the USA and Europe assistance keeping SYR afloat (along with Aus Super).