post merger shares on issue: approx 15billion (glad be corrected on this if someone can clarify)
That figure is closer to 25 billion , after consolidation should be closer to 1 billion IMO.
Just looking at cash burn for the second half of this FY ending June 31.
1: $7m for the final payment of the flow though spending, due this quarter.
2: Approx $7m remaining of sustaining capex which was weighted more to the first half and spread out over this and the next quarter. This will be a recurring but varied expense each year.
3: Merger expenditure is hard to quantify but last quarter was $5m so lets say $10-15m
4: Production costs net of revenue very hard to estimate as we are close to breakeven and it may even be positive in the June quarter with pricing already locked in. So can't put a figure on it but should be minimal in either direction but best to assume there will be a shortfall. It all boils down to Spodumene prices per tonne vs AISC cost per tonne and thats an ongoing voyage of discovery..
So of the above $24-29m spend identified $17-19m is non recurring ( there may be some residual merger costs in the Ist quarter of the next FY but won't be ongoing) .
Cheers Whisky
SYA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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