Wow is all I can say. I think Dalian peaked at around 1170 Yuan last December. Can we dream of breaking the 1200 Yuan?
If so then we could be looking at 180 USD on other markets. I think the reason for the strong price increase is that the spike in reported virus cases has reduced these past 3 weeks. If that holds I think we can expect 180-200 USD to become a reality.
An average price 62% plat price of say 165USD (we are a few dollar bellow that right now) would give us an increase in revenue of around 30%.
But because costs are not increasing (currency exchange will still affect that) that will mean an actual increase in net profit of around 35% compared to 1st half of the FY21. So from this, depending on where it actually lands with the 6 month average, outside a big increase or decrease (prices increasing above 190/200USD or prices falling below 130USD) then we are looking at a 1.80 to 2.10 Aud dividend.
Big smiles here today. I estimated 1.45aud dividend and they beat it by 2 cents. Maybe I would be better working for the banks than the clowns currently estimating EPS.
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