Always possible but I prefer to use company guidance, in the end as long as we have buyers then all the spodumene we produce will be sold and some quarters will be better than others depending largely on shipping avaliability and timing. On the law of averages a big shipment one quarter is followed by a smaller one the next quarter with guidance worked over a 12month period.
What will be interesting is whether we break even on cash costs this quarter, that was their expectation by the end of this FY and that would be based on knowing the price they would getting this quarter based on hedging IMO. That would make a huge difference on cash burn as sustaining costs are minimal at this stage with all the known one off costs behind us. Still need higher Spodumene prices regardless.
Cheers Whisky
SYA Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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