Ann: Maiden shipment of Iron Ridge product dispatched, page-161

It's possible that Garret Dixon is selling as he's just departed the board with 10m shares, but I doubt the others would be or they would have to lodge a 3Y informing the ASX.

Instead, you should be considering:
- rising crude increasing the diesel price, which is one of our biggest costs
- strengthening AUD means we receive less AUD/tonne sold
- improving covid outlook meaning Vale could recover volumes faster than previously thought.

I'm still confident we'll come close to printing our MC in FCF this year, but macro conditions are slightly less favorable for us than they were a few weeks back.