Ann: Half Yearly Report and Accounts, page-29

The IO price is absolutely part of the story here. The results certainly show how sensitive to the IO price Iron Ridge is.
I could have dealt with a low result for the half yearlies IF they didn't provide half truths and rubbish statements to try to get people to drum up sentiment.

So where is the $10 / tonne C1 cash cost saving from the acquisition? Its not in the results and it generated that they 100% would have mentioned it, so it underperformed. Not only that, what was the net profit gain from the acquisition?

Why are they spruiking "cost displine" when its false. The only cost to reduce were freight costs which aren't even under the control of FEX. As I've shown in my analysis. C1 costs declined by $5.67 from the last period (H2 2022) yet included in there is the apparent $10 / tonne saving from Newhaul so does that mean that costs have INCREASED when the IO price has been declining?

There are a lot of questions to be answered and all that JW and the management team think they need to do, is spruik some sort of unnamed improvement in the 2nd half of the year and everything will be rosy.

Its fine to be bullish on a share, but no-one should be sugar coating these results.

Before anyone says I'm downramping to get the SP down, maybe refute the analysis done, and by the way, I'm more wanting out than I am wanting more of these things. The company has only gone 1 way since JW has joined and thats backwards and that includes the company losing RB.