MGX mount gibson iron limited

From a close reading of today's announcement, it appears they're...

  1. 11,391 Posts.
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    From a close reading of today's announcement, it appears they're not treating Donghae Star as a March quarter shipment (or any part thereof) so it'll fall into the June quarter when fully loaded however they did receive initial payment for this shipment. So, the upshot of all this is that even though the cash at bank/Invest balance increased by $72mil - all of this was attributable to positive working capital movements and the net operating cashflow surplus (after CapEx) was zero. Sales revenue is A$92.4mil from 716Kwmt 'fines' sold/shipped and unit costs were $102/wmt.
    https://hotcopper.com.au/data/attachments/6082/6082093-091462f05e26a2c73df6482150568dd5.jpg


 
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