Production is in the lower end but average CIF cost is lowever which is a good thing.
Cash burn is around $15m per quarter however around $8M capex spent for the BAM project.
if they can achieve positive cashflow from Q2 and reduction of BAM capex, their cash burn rate will be reduced substantially (around $10M or less)
Dont think CR is even needed by end of this year.
sell down in the last two weeks seem over done. Let see if shorters will start to recover.
Ann: Q1 2019 Interim Update, page-8
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