ELE 0.00% 0.5¢ elmore ltd

Looks like we have turned the corner. Interesting, in the 5B for...

  1. 31 Posts.
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    Looks like we have turned the corner.

    Interesting, in the 5B for Dec 17 Qtr we had an estimated ($2.316m) outflow for the March 18 Quarter (no inflows noted). Total estimated outflows for June 18 qtr are ($348k) with $2.354m inflow from revenue noted.

    March quarter wasn't good, but I don't think anyone following NSL thought it would be. They let us know as much, and at the same time let us know that April had a better outlook. The Sales update confirms this. I understand we had 7kt stockpiled at the end of March, but 10kt+ sales in April is a good result. Especially if 10kt was produced in April as expected, meaning there is potentially a stockpile of 7kt awaiting delivery. Hopefully April production gets confirmed in the next week or so.

    Well overdue, but finally seems that we may be consistently producing.
 
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