Just keep their heads down and continue on their merry way and anythings possible - what a turnaround. All aided by China, the subsequent increase in IO price and top management that never want that debt noose again.
Another 500 million debt payment in September would be sensational. Maybe they will hoard a bit more cash for the associated costs as they transfer to owner operator - receive ships and Vale tie up?
Thinking around Xmas for another debt payment.
The $AU remains stubbornly high and oil has bounced back. Bit disappointing but they can only control what they can control. The extra approx 3 million tonne shipped is a nice bonus - look forward to end of month on those details.
Iron Ore Price, page-8797
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