Well, I just had a look at the Cashflow Statement (30 June 2020). Note, No Annual Report provided by the company yet.
And based on cashflow statement, the company lost circa $27M, even after taking out interest charge component of $16M.
With interest added back, the net cash outflow was circa $43M in 2020.
So this company is still burning through a lot of cash.
Only a dramatic increase in the price of Li, together with cost cutting, will turn this situation around.
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