The half yearly's give a better reflection of LPE's progress due to the 2 quarter delay in revenues ramping up. Much clearer as they match revenues with the actual cost of those revenues. Much more difficult to predict the make-up of outflows (in 4C's) due to cost of ongoing operations vs costs of ramp up/conversions. They may need 110-115GW to achieve cashflow neutral/positive if margins are impacted by rising wholesale cost of electricity. Either way December quarter as you predict should see us reach this milestone.
They predict cash outflows of 5.5mil this quarter. What does your spreadsheet predict revenue to be? 4.5mil?
Ann: Appendix 4C - quarterly, page-11
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