Great set of production numbers, huge catch-up from previous rain affected quarters and guidance shows even more to come this quarter.
A wake-up for the bears who are already out in force to try talk this down.
JCC contract signed at US$200/t from last month (usually lasts 12 months) so big chunk of production locked in at higher than futures prices.
Cash in the bank more than double the recent tasty dividend with CAPEX relatively insignificant and they want to make full use of the franking credits, can't wait!!
Ann: Quarterly Activities Report, page-6
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