Basically Mega getting operating costs at or near breakeven is good news, exploration spending with regards to NAL and Moblan is finished ( final payment this quarter), major capital expenditure related to NAL is behind us ,no debt oblgations so cash outflow will be constrained. The whole aim of MergeCo was to simplify NAL and strengthen the balance to give give a long runway to ride out this downturn as a producer not a bystander in C&M, in that respect the two main requirements, production costs and prices received have improved since the merger announcement, you can't realistically expect much more, we are as always in the hands of the Spodumene gods and always have been.
Cheers Whisky
SYA Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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