Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-17

You are all correct however I think we may be okay b/c much of the spend has been to build up inventory. Finalise the rebuilding in Indonesia and set up better distribution networks and warehousing.
I expect these are one off costs that should help improve future outcomes.
The share price revaluation has got no basis in the business's fundamentals and prospects. It has EVERYTHING to do with fears of inflation and the resultant discounting of share price valuations (increased discounting of theoretical future profit).
SES expects to be able to re-price their contracts as they lapse. As mentioned above ALL similar businesses will be facing the same cost changes.
We will know how the numbers fall soon enough.
I am holding the faith but expect the days of 30c type share prices is a little way off.