I ran the numbers on this thread a few days ago and we settled on around $5m cashflow from operations. After corporate costs, capex and expenditure on A40 receievers, its certainly not going to be a cashflow positive quarter. In terms of P&L the cost of the stockpiled spod will be recognised during the quarter, so you don't get a free kick to the bottom line due to the fact that (on a cash basis) those costs were occurred in H1. Either way, if they can minimise cash burn that will be a decent result but it shows current spod prices are not sustainable if the lowest cost hardrock producers aren't even close to breakeven.
GXY Price at posting:
$1.13 Sentiment: Buy Disclosure: Held