SP is really driven on speculative views imo. IOP has been...

SP is really driven on speculative views imo. IOP has been steadily increasing until this week when it slipped back and then regained its losses. I suspect some buyers viewed it as a possible peaking before slipping back below 100 mark.

So far so good we seemed to have kicked above $US111 today so may see a further boost between now and year end. Fingers crossed.

I’m betting on a smaller dividend in March. They will have sales in the 6 months but also have a view on sales / cashflow from Q1. After all, they are sitting on a mountain of cash and it will really come down to how much their major shareholders need the money to pay down debt or fund other investments.