Ann: March Quarter Operating Update, page-4

Classic

fell after last cap raising

has now almost doubled off the battery bottom

everything on track

now forecasting yet another downgrade from production after churning through yet more capital to lift production

costs now forecast to rise

But it’s all good - on track to produce more this qtr - just not the production that was forecast last year and confirmed each qtr for full year

capital destruction unit

they got close to sucking in the 27 s ( mega options) but it was just a few days too late)

consistent production downgrades have continued since the famous 3 year plan

To think all that cash just pumped in last year and production forecast already lowered is now revised down again

Never disappoints