the QMoa Q should be ok given nickel price in the Q, production and NDCC guidance. Light interest Q but probably heavier sustaining capex Q. Go forward cash flow obviously dependant upon nickel price. At current nickel prices annualized you can see how the share would trade more like an option, very volatile and wide ranging. Nobody should be surprised by this. Torque kicks in for real at $7+ nickel.
Should use free cash to buy in some short maturity bonds (the 8% of Nov '21). Would be nice to see them use a small amount of cash and buy back a token amount of shares as well - more symbolic than anything.
I don't expect any definitive news re Block 10 in the Q. Something like 'new technology works but we are still facing challenges.'
I don't expect any definitive news on payables but it will be interesting to see what cash comes from Energas for the Q.