Actually, if you read my post, I predicted ~$250m AUD ($176 USD)...

Actually, if you read my post, I predicted ~$250m AUD ($176 USD) in the kitty.

I'm sure someone can dig up the post albeit I was 'voting with my wallet' at the time until I felt the bottom had been well established, we started shipping consistently, and management started communicating (two of those boxes have been ticked).

The thing is that actually is very good cash management.

Remember, they did the following:
Bought 12% of A40 ($20m AUD)
Participated in an LPD raising
Finished YOP ramp up
Produced an extra 40,000t of spod not yet sold but reiterated will be sold this coming quarter as their converter partner ramps up new lines
Paid $80m AUD in tax.


So really, the cash burn per quarter is probably more like $20m USD which would see them survive on cash flow from Mt.Cattlin alone without digging into their cash balance now that they are shipping again. And if they dug into their cash pile, they could survive much longer than PLS, AJM etc.which would ultimately balance the market.