Ok ,so cash reduced by $6.4m, but their trade receivables increased by $2.3m and VAT refund due of $2m for. So in theory down only $2.1m. They also spent $5.3m on the expansion plans during the quarter.
While disappointing that production was down and it had in impact on cost,as others have mentioned this seems now resolved. All in all i don't think it was a terrible result. I agree that they will have to be mindful of cash position in the next quarter, and would expect less cash to go into the expansion and more draw down of debt unless the copper price is substantially higher.
Yeatesy.
TGS Price at posting:
4.0¢ Sentiment: Hold Disclosure: Not Held
