It would be nice if they could get that 'going concern' concern out of these reports (had such inserted in last year's half year report). Perhaps one reason why sp is so low and languishing?
Positively from the report:
With the decline in iron ore prices after balance date the loss on open positionsof $4.51m at 31 December 2023 would reverse to a gain of $2.42m at 14 March 2024 based on the realisedpositions in January and February 2024 and a current mark to market of open hedges.
Odd though, iron ore price needing to fall to reverse losses into gains.
Don't expect positive market response next week - maybe after the Q report?
Ann: Half Yearly Report and Accounts, page-2
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