my thoughts are costs are probably going to be in the 90-100 range for this quarter. With actual sale price received perhaps around the 150 AUD Mark for the quarter. So somewhere between 30-40M in cashflow. Then perhaps take 5M for overburden stripping and the 30M in adjustments from the last quarter and we have a similar cash position to end of last quarter. However I am also factoring in additional cash reduction for the fire impacts.
there are the two insurance claims I am guessing which will help rebuild some of the cash depletion (business interruption and damage to the processing plant). there is also the significant claim against the engineering firm, which I suspect is still a long time away from resolution either way.
market is telling us to not get too excited about the pending results imo.
MGX Price at posting:
39.3¢ Sentiment: Hold Disclosure: Held
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