How things have changed. Less than 4 short years ago, this what...

How things have changed. Less than 4 short years ago, this what we had for the 2020 September quarter. Who would have predicted what happened next?

Answer, nobody.

Another great announcement folks, which in time, will result in our already bulging profits being substantially increased. All IMO of course and my opinion has always been different to most (Goldman Sucks), thank heavens.

The cash balance was the remnants of a capital raise.

6.4 CASH BALANCE
Pilbara Minerals closed the Quarter with a cash balance of $85.7M (30 June 2020: $86.3M), after paying
$4.2M in September 2020 for the final interest payment under the Nordic Bond, investing $5.3M in
inventory build-up (in support of contracted December Quarter 2020 sales) and recognising a $2.1M
unrealised foreign exchange loss as a result of revaluing the Company’s USD denominated cash
balances at quarter end, following a strengthening in the AUD:USD exchange rate during the Quarter.
During the Quarter, Pilbara Minerals received:
• Proceeds of $23.0M from customer sales; and
• $13.0M from the reimbursement of the principal payment ($US6.25M) and interest payment
(US$3M) made to Nordic bondholders in June 2020, following completion of the re-financing
of the Nordic Bond with the new low-cost US$110M senior secured debt facility.
Major cash outflows and movements during the Quarter included:
• $25.0M on operating costs at the Pilgangoora Project (including investing $5.3M in
inventory build-up);
• $1.2M on capital costs inclusive of Stage 1 capital costs and improvement projects;
• $4.2M in interest payments, largely associated with the final interest payment under the
US$100M Nordic Bond;
• $2.6M on payroll, administration and corporate costs;
• $1.0M on exploration and evaluation work in relation to the Pilgangoora Project
(including associated feasibility studies); and
• $2.1M in unrealised foreign exchange losses following revaluation of the Company’s USD
denominated cash balances, and reflective of a significant strengthening in the AUD:USD
exchange rate during the Quarter (from 0.6863 to 0.7108).