No batten down the hatches - we are likely to get the figures...

No batten down the hatches - we are likely to get the figures for the September qr on Monday. But have to wait and see, I guess.

Certainly, that has been the practice from the company previously - see the June 22 qr information from the company - when the release, was actually made prior to the end of the month, 29 JUNE, in fact.- (when it would have been apparent, that the last ship had departed)

Definitely one billion free cash is on for the September - but remember the company deduct capital expenditure (cash), from effectively what is the increase in the cash balance for the company. Also the company underestimated (I think that is their way, across the board with ASX announcements).... actual cash in this initial 29 June release, compared to the subsequent quarterly report, at the end of the month.

So maybe some funding might come out for the Posco J/V, in the just completed Sept qr. One billion has an obvious great ring to it - the company may still reference one billion - less Posco CAPEX. See the ASX release from PLS on 29 June......which does condense the key points nicely. We have smashed previous production guidance - and that will be a critical takeaway also, for Sept qr.

PLS profits say for the 12 months commencing now - will MATCH the combined profits of COLES $1.05b NPAT and WOOLWORTHS $1.5 b NPAT 21/22. Stunning stuff and not yet understood by most investors.
-----------------------------------------------------

WEDNESDAY 29TH JUNE , 2022

Pilgangoora Production, Shipping and Cash Update
54% INCREASE IN JUNE QUARTER PRODUCTION DRIVES SIGNIFICANT INCREASE IN CASH BALANCE KEY POINTS
• Significant increase in estimated June Quarterly production to 123-127,000 dry metric tonnes (dmt) of spodumene concentrate (~54% increase from the March Quarter: 81,431dmt).
• FY22 annualised production now expected to be in the range of 373–377,000 dmt (~33% increase from FY21: 281,098dmt), and at the upper end of the previous guidance range of 340-380,000dmt.
• Estimated shipments for the June Quarter of ~127–132,000dmt (~ 118% increase from the March Quarter: 58,383dmt). • Total shipments for FY22 expected to be in the range of 355–360,000dmt (~26% increase from FY21: 281,440dmt).
• 30 June 2022 cash balance expected to be in the range of ~A$850-855M, inclusive of ~A$269M of irrevocable bank letters of credit (March Quarter: A$284.9M, i