Looking at last year's statement of financial position -...

Looking at last year's statement of financial position - accumulated losses of $19m. This would require full year earnings after tax and after any impairments and after any further impairments to be at least $27m to allow a 3c FY dividend.

I feel any futher I/O price pressure on AGO would wreak havoc on us once again. Hopefully there will be news on debt reductions and possibly contracts in other sectors?

In saying that I think a positive outlook would certainly push up this share price towards 50c and beyond with scope for dividends in 2016/17 and beyond.