Ann: Half Yearly Accounts and Appendix 4D, page-195

I'll have to go back and check my calculations but the recent rise of the io price perhaps doubles AGOs margin conservatively?
Yes many conveniently overlooked the underlying profit figure.
Also in the forward looking statement there were comments about the product mix, increasing lump ore and value fines, reducing atlas fines, to take advantage of higher prices for higher grade product. Overall tonnage the same, but the value mix has changed.
One thing is for sure, the tone of the reporting is subdued. They probably prefer to let the numbers do the talking.
We are halfway through current Q so perhaps they are planning to smack us in the face with a bumper debt repayment ann soon.
Probably saving up all the good news to get the oppies over the line, rather than run-up now and sell down later.
Regardless we need to close above 3.8 tomorrow.