Ann: Financial Report for 30 June 2019, page-190

Looking at the Revenue in the full year accounts it shows an actual of $42.2M plus $0.6M royalty recovery.

Now the March 2019 quarterly report showed quarterly revenue of $36.1M which was classified as sale proceeds from pre production.
The June 2019 quarterly report showed quarterly receipts of $30.8M and 12 months receipts from customers of $47M
Spod sales volume for the year was 128,374 dmt which should have generated between $120-$140M in Revenue.

Reading note 2.1.1 in the accounts it talks about a change in the Revenue recognition policy.

So it seems to me that the full year accounts are very misleading as it appears to me that the sale proceeds from pre production and some of the June quarter 2019 production (which has been shipped but not fully processed by the Chinese) is NOT included in the actuals and hence is totally distorting the true profit result for the year.
Some of the costs relating to these two items have also likely been excluded but I think that if everything was shown in a normalised P&L the actual result would look much better than it does.

Please do your own research on this as this is only my view based on the limited information available.