Damn just when i was looking at selling down this long term dog they stick a big long term carrot in front of me.
The following figures are by memory but not hard to google.
Last 6 collins class subs required 8m tons of very specialised plate for the hulls not normal Q&t with sales restricted because of defense grade therefore extreme margins.
DYOR but check out the financial year bisalloy delivered last time they supplied collins class hull steel.
Now its only talk so far by both abbott and gillard but if they deliver on 12 the simply maths would be 16m tons multiplied by extreme margins.
imo would involve one or two extreme special dividends.
Damn just when i was looking at selling down this long term dog...
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