I guess exactly why he packed his bags.
They need to run this business on a sliding scale, IO price falls decrease shipments to hedges and stockpile or visa versa.
They can't have good and bad quarters, just how it is, they either start sales based on shipment timing or they are going to get hurt.
This quarter is going to be the start, especially if they pushed cost's from last quarter into this one hoping things will improve.
Ann: Quarterly Activities Report, page-25
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