Examining the QTR cashflow statement is essential. Once we...

Examining the QTR cashflow statement is essential. Once we achieve nameplate, sequential Q to Q basis the cash reserves and FCF has to get better. Burwill's compliance with its offtake obligations is important in this regard.

With the Cowan Lithium spinoff, the retention of FCF from Baldhill is basically for our shareholders funds.

As I see it, the timing/amount of dividend payments (from FCF) will be dependent on dividend payout policy and cash conservation for future capex requirements. The latter factor has to be carefully planned and monitored.

As for dividends, management may already have a timeline when dividends could be paid (from surplus cash). Cashflow projections for the next 2 years may have been completed by now.

Exciting times ahead.