Final predictions for the quarter:
1) Metal production - 34.87kt(76.89Mlb) gross from 75kt concentrate, 28.95kt(63.81Mlb) payable - a record.
2) Metal sold/shipped - 29.76kt(65.61Mlb) gross from 64kt concentrate, 24.70kt(54.45Mlb) payable
3) Inventory at 30Sep - 30kt with net sales value(after hedging effect) A$35mil
4) Cash at bank A$34mil at 30Sep(should be in the $30mil to $40mil range) after being A$95.2mil at 30June
5) Principal reasons for slump in cash held: a) Hedging losses paid out A$21mil, b)Negative Quotational Period adjustments from previous quarter shipments resulting in Final Invoicing repayments of A$18.5mil,
together with A$5.3mil in additional treatment charges from Mar22 quarter due to yearly increase, c) no final Sept month shipment as normally expected resulting in increased inventory held - up from 19kt conc at 30Jun(sales value A$22.7mil) to 30kt conc at 30Sep(sales value A$35mil), d) repayment of A$16.2mil liability for offtake agreement.
View attachment 4730083
Cashflow/Sales Q1 & Q2
View attachment 4730086
Shipping
View attachment 4730089
Hedging
