Ann: Quarterly Cashflow Report - December 2018, page-32

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Heeman

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01/02/19

11:18

Post #: 37297025
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Originally posted by sydneyguy ↑

after taking a bath i thought I may have reason to buy back after this report, but I find no reason, each to their own

notes:
Production Cash Costs1 for the Quarter were approximately A$1,152 (US$824) per tonne of lithium concentrate produced.

1 Cash costs per wmt of spodumene concentrate produced is a non-IFRS measure of the direct costs incurred net of tantalum by-product credit value produced, net of waste deferral costs and excluding royalties.

Production down , we knew that, but strip and grade poor

end cash balance is basically balance of proceeds of borrowings

cash that comes in from this last shipment of 880 usd/ton isnt much considering projected outflows and whilst there is more production in jan and stock on hand it will be sold at prices much less than current.

capital position imo is weak.

for their own sake, they need to confirm production monthly, just like jul aug update no point saying look at improvement in production then drop bombshell about sept.

qtrly report, excluding fines etc is messy compared to others.

one year on and its still add hoc sales of TA.

cashflow is low from shipping as we know from last qtr, however as it included the first TA "add hoc " sales its even more disappointing.

I cant see production costs dropping so significantly this QTR, with current guidance and production advice on JAN to produce a margin that will make a significant dent in the cash balance.

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You are looking in the rear view mirror Sydneyguy. Big time. Not a way to invest or trade.

Production for January was 14k which is 170ktpa and you have seen in this qly cost estimates substantially decreasing from jan onwards.
We will be making more money than peers this year.
Each to their own though. See ya.

A40 Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Cashflow Report - December 2018, page-32

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