Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-167

Have a go at this if you're interested.

Here is a table I constructed mainly using the waterfall chart on page 11 of the report. The only thing that had to be estimated was the cost for the increase in inventories (WIP and finished goods). Based on this estimate the SYQ operating cash flow was -5m inclusive of the -6m prior quarter sales price adjustment.

The cash flow was dominated by capex (-38m), exploration (-10m), inventories (-14m) and head office costs (-13m). In my view the outcome for the quarter is consistent with the SYA strategy given the price of lithium.

Assuming that there was no JV adjustment outstanding at the start of the quarter, then it looks like PLL owes SYA another $10m for the quarter.

Opinion not advice. Good luck all.