scientist
pg 15 of the last report stated
a higher proportion of CONTRACTED deliveries are scheduled in the forthcoming 6 mths to 30 june 2012
a lot of this will be at mid to low price of US 60 lb pg 2
income to 31 dec 2011 was US $185.5 mill (pg19)
.....and this was with downtime in Sept...they did the catch up and ramp up during nov and dec....
the ramp up of production to full nameplate capacity is well under way...
income to dec 31 2010 US$108.8 m pg 19
NO MORE write downs that will project an image of a loss making company which is in FACT now making a PROFIT....
The write downs (Impairments) will lower their TAX obligations.....sounds a bit like OZL when it was getting back on its feet.....made big profits and offset them against LOSSES to pay NO TAX.....NOW look at the company...not the artificial share price...(that's buyback controlled)
looking good for the next QTR REPORT....
todays trrading 19 th march, page-3
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