You probably won't get an update on cash or recoveries until the next Q report due in April. The H1 Half Yearly financial report will only show financial results up to Dec 23. We already know the cash position was $124.8m at 31 Dec. The H1 report probably won't be a good read. They said they will "record an impairment of the carrying value of theFinniss operation" and the $10m settlement with Lucas will also "be accrued in the H1 FY24 accounts". But the H2 report should be a better read after absorbing all the bad news in H1.
CXO Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
