Looking for the bottom, page-156

When the FY24 Financial Results were released, ~10 days ago, I was reasonably reassured by
this chart on page 6:

At the time, I thought that even though cash inflows (revenues) would be lower in FY25, so would cash outflows (lower costs for Cosmos, repayment of debt, dividends paid, etc.).

I also thought that the relative advantages of Greenbushes' lower cost structure and upcoming interest rate cuts would help offset the negative industry headwinds in FY25.

Now, I'm not certain what to think. I hope the upcoming strategy day will provide more clarity.