Why SHORT FEX...... ??, page-179

I’m not sure a short position makes sense when company 6 weeks away from starting up third mine. Even at modest iron ore prices they will be literally making truck loads of cash.
If at $30 million profit company paid 2 cent dividend (1 million tonnes sold) then with all 3 mines going for last 6 months of financial year they will roughly mine combined 2.75 million tonnes and therefore generating approximately $80 million profit and therefore a 5 cent dividend….. Am I missing something?
Not sure shorting that massive increase in profit is all that wise.