Ann: December 2018 Production Update, page-8

The production update reads positively and it's definitely good to see some cash receipts due to arrive soon. The natural short term concern is how the costs are travelling given the extra work required (accounts payable) and whether current production is economical (better than break-even).

The quarterly should provide some insight into that - the December quarter outgoings and the expected March quarter outgoings. We can then begin to extrapolate what cash receipts they might expect based on the production reports.

Interesting and still very high risk times for CZL.