Let’s not get carried away with dividend talk! There’s is zero...

Let’s not get carried away with dividend talk! There’s is zero chance of an FY24 dividend and I’d personally prefer to see all their 12%+ debt retired before paying any cash out to shareholders.

Re the quarterly, good numbers and margin. Positive cash flow of $15m was also great to see. Once their capex cycle is over (end of this year) then we will see debt reduction as the priority I think.

On pricing, due to the off takes MMI have they don’t receive the quoted market price. They have a combo of fixed price, market linked, CFR and FOB contracts so I don’t t expect to see full index realisation - the prices will improve overtime though.