Ann: Half Yearly Accounts and Appendix 4D, page-242

It can take a long time for sentiment to turn, long after the fundamentals, especially when a stock like this has been close to death. Even though the numbers stack up people may not want to dip their toe in until they see the next debt repayment and quarterly.

Hedged this Q at $96AUD for 62% IO grade, so will probably realise a conservative average price of at least $80AUD. Those are good margins on average cost of around $55/t.
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