Key points for me that we didn't already know from the 1st April update were:
The Lithium price has softened further with sales in China dropping into the low USD$400's dmt
4th Quarter sales forecast to only be in the 25,000 - 35,000 range.
Ken says he is now confident of reducing costs "towards" the targeted level of USD$320-$350 which is not the same as achieving the target.
The quarterly cashflow report has conveniently dropped off point 9 which normally shows forecast cash outflow for the quarter. This is a very useful guide so why has it been taken out?
For me it was a disappointing report compared to the update we got on 1st April.
Ann: Quarterly Activities Report, page-2
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