TER 3.13% 16.5¢ terracom limited

Only here for a short time so far but they look to be good...

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    Only here for a short time so far but they look to be good operators.
    I know everyone is focused on the divvy and why not?

    Planning in dragline work and getting it done in previous quarter means this one just gone is all for more production. Dozer fleet during dragline major shut was focused on rehabilitation work. So operationally can't fault that from the armchair.
    the other thing I liked was how quickly they repaid the creditors for the start up costs. From there I think its reasonable for 10c similar to last q and maybe stretch to another 1 to 1.5c is possible but sadly unlikely for this next divvy cheque.
 
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