The COGS is more or less 82%, I hope we can agree on that. The company has stated this previously. Therefore any income received has a relatively fixed cost. For instance $1mil of receipts costs $820k to generate those receipts. This cost is unavoidable (eg network charges, cost of electricity, capital conversion, environmental). So on receipts of $26mil costs are relatively fixed at $21.3mil.
I fail to see where the 2.5mil savings per quarter are. Although you are going off 4C where you do not see matched sales and costs for those sales and I am more talking P&L which you will see in the FY and half yearly.
All good, appreciate your perspective and your input on this forum but maybe just agree to disagree on this one.
Ann: October Operational Update, page-266
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