Banter and General Comments, page-12162

July 18 to June 19 Cash Flow

Starting Cash $45.1m
Receipts $98m
Interest $2.3m
Posco Sale $271.6m

Total $417.1m

Out Goings
Supplier & Employees $96.6m
Plant & Equip $23m ($18m YOP, $5m Creek Diversion)
Exploration / Capex $21.1m (SDV JB)
Financial Activities $23.6m (LPD & A40)
Principal Lease Payment $5.1m (This one hard to find details - anyone?)
Forex Loss $2m
Posco Transaction cost $14.5m
Tax on Posco Transaction $54.2m
Misc $0.7m

Total $240.8m

That gives a closing cash at $176.3m

The biggest expense is contractor and supplier.

They produced 163,270 T Spod in that time. They sold 113,868 T = Excess 49,402 T of Spod fully expensed. Huge savings in this area for 2020.

Are they burning money?

Well $68.7m was Posco related.

SDV & JB Is costing just over $5m a QTR.

The A40 Investment was a shocker. They burnt that money. the $5.1m lease needs further investigation.

Capex at Mt C is looking like a good investment.

To me it looks like its set up to either ride out a shocking 2020 or ready to fly when things pick up.

Just my Opinion of course.

Cheers

DYOR