Ann: Outstanding Kangankunde Stage 1 Feasibility Study Results, page-276

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glory

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03/07/24

10:28

Post #: 74582870
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Originally posted by GKeden: ↑

Hello. I just had a closer look at what LYC are doing. It is difficult to exactly know therefore I can only take guesses.

Cost of goods sold (COGS) is exactly what it is; cost of goods sold. Therefore, to look deeper we must examine the cash flow statements but this gets difficult because there are things affecting cashflow such as receivables & payables.

In summary, attempting to reconcile the 1H24 LYC EBITDA with equivalent cash flow (which includes accounting for receivables, payables & inventory changes), the impression is the operating cash outflows (costs) were AUS$25M greater or US$2.46/kg greater than in the EBITDA.

Therefore, while the Profit & Loss Statement shows US$23.42/kg in revenue vs US$15.50/kg in total costs of goods sold, I would probably add another US$2.46/kg to the costs to make the total costs US$17.96/kg.

In short, it appears the NPAT was greater than the cashflow, which means there are production &/or wastage costs in adjusting their product for sale. Its bad when cashflow is less the net profit.

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The coming quarterlies from both LYC and MP will show that they are losing money at these unsustainable prices. And MP have stated they believe not even the chinese are making any money at these prices, and that is why they are saying today's prices are unsustainable long term.

If we are making anything at these prices it is a huge win.

LIN Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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Last 9.4¢		Change 0.000(0.00%)		Mkt cap ! $108.3M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.4¢	$118	1.254K

Buyers (Bids)

No.	Vol.	Price($)
2	298634	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	110600	2

View Market Depth

No.	Vol.	Price($)
1	200000	0.094
1	400000	0.093
2	15000	0.092
3	150878	0.091
6	489989	0.090

Price($)	Vol.	No.
0.096	110600	2
0.098	10752	1
0.099	74860	1
0.105	957723	8
0.110	279986	3

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Ann: Outstanding Kangankunde Stage 1 Feasibility Study Results, page-276

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Ann: Outstanding Kangankunde Stage 1 Feasibility Study Results, page-276

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