What a fantastic, straight forward quarterly's Ann, no riddles...

What a fantastic, straight forward quarterly's Ann, no riddles here.

Right, lets get down to the FACTS !

Dec Quarterly....

* 36mil CASH
* Dec qtr spend = 17.1mil (15.5mil exploration)
* Focus is on Manna
* Exploration Complete , with pending assays which will incorporate increase in manna upgrade. (54mt @ 1.3%, my estimate)
* Confirmed extensions for possible high grade or " significant intercepts" outside of mineralisation at manna north and south.
* Significant upside resource potential @ manna with further extensions.
* Drill program for manna extension currently planned for cy24 for mineralisation outside current. (but this can be shelved)
* DFS in progress for manna and coming up 1H24.

So, it looks like the March Qtr spend will be more like 5mil max, leaving 31mil for the next few qtr's IF market conditions don't improve.
This means around 6 to 10 Qtr's of funding moving forward.
* As Ron Stated in the Ann dated 18th Jan, " We are Well Funded"

Other points (not from Ann)
* China has stock pilled, currently at 60% oversupply.
* August will be around 20%.
* Will need to start buying around March/ April to retain a healthy buffer.
* Aust interest rates look to decrease as well as globally.
* Increased confidence in spending for households.
* Governments catching up on charging banks for Li vehicles ( Aust and international)

So what does this year look like?
China is playing their usual games, meanwhile smart investors are buying up in this sector.
Whether we like it or not, electric cars is the future, of particularly heavily densely populations being small city cars.
We'll see a rise in ev sales in the second half of this year once interest rates across nations start to reside.

all IMO, DYOR, current price is just temporary.