SMR stanmore resources limited

Ann: Half Year Results Investor Presentation, page-6

  1. 1,259 Posts.
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    What "doubling of cost"?

    Result is decent considering coal pricing was crap for half of it but has strengthened since. Costs are in line with broader market but still sub <$100 is impressive in this market.

    Dividend doesn't make sense with MRA2C capex to come to and debt still to be paid off, albeit in a net cash position. Need to build up a healthy cash balance first. Doubt a 2c dividend really moves the needle for anyone.
 
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