Yes that would have been a more straight forward way of saying it.
eg. Core have decided to purchase outright the existing plant equipment used by the operator, so that when Core start processing again, a cheaper OPEX environment will exist.
The A$19.5M will be funded from existing reserves.
This just reduces ongoing costs during downturn, and reduces OPEX going forward by reducing lease payments to repairs and maintenance when required.
So I suppose the update was just to advise $19.5M will be paid out to reduce ongoing payments to the operator.
I hope I have this right!
So no update on a restart yet, .... waiting on a lithium price upturn!
Add to My Watchlist
What is My Watchlist?
