Note also the 'take or pay' obligation of 28.1m. This is for 10mtpa, but we only shipped 1.2m in the quarter. This is a fixed cost, will be less per tonne when we starting nameplate production. Although unrealised Fx gain partially offset this in the other expenses (non cash for now).
Still happy, could have been a disaster.
Hope we see 40 cents come June.
Ann: Half Year Accounts , page-8
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