ASX- you are on the money in my opinion. If one looks at the thread "heading back to 1.6c" - they appear to be written by people who have not been seen on this discussion forum recently....perhaps shorters?
I agree with Defabs comment on the build up of IO stocks at Port. There is approx. $10M of unrealised there which would have affected the bottom line. Cliff was powerless to prevent the effects of the cyclone.
We must also draw a line in the sand. The production report figures are historical - gonski. What is important now are the forward looking statements. Look at the facts. Term Loan B has been reduced and appears that it will be reduced further in the coming quarters. Not an advice. Do your own research.
AGO Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
