Ann: Appendix 4D - Half Year Ending 30 June 2022, page-38

The recent sell down or more so dummy spit is from dividend chasers who didnt get what they wanted is purely emotional.
A 40% drop in 2 days is pure insanity for a business who has no debt, makes approximately 200mil per year and has 76c of NTA.
So at the current price its very close to asset backing and you are paying half price for the income produced.
the doom and gloom senario brought by those are buying up those emotionally charged by dividend payout..they did this last time and we got a special dividend once the norm was achieved in the iron ore price.
As it stands china lockdown is only a temporary issue and once the lockdown is gone then the iron ore price will recover. They did 2 rate cuts yes cuts and soon they will need to stimulate further.
Meanwhile they are still buying up record amounts of ore and we are the dummies selling on the cheap.

You would think by reading whats going on we are making a loss and are about to go bankrupt..
Its completely absurd and an over reaction