You realise the June quarter was also sold at 61.5% fines? The % that they achieve is variable.
June quarter - Fines 61.5%, Lump 64.3%
Sept quarter - Fines 62.2%, Lump 64.8%
Dec quarter - Fines 61.6%, Lump 64.4%
This whole 62% vs 61.6% fines issue has been overblown IMO. The issue is around recognition of cash in the Dec quarter, rather than profit, as running the calcs myself, I still believe they were profitable in the Dec quarter, just there were various timing issues that have resulted in cash not mirroring that profit result in the quarter.
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You realise the June quarter was also sold at 61.5% fines? The %...
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