The hedging contracts brought in over 10mil last quarterly, however, this one only 6mil or so. Not sure what happened there.
But if we’re shipping just over 100k tonnes per month and we’re averaging or should be averaging around $170aud, then subtract rough costs of around $115aud, we should be generating profit of around $16-17mil for the next quarter pre tax. If that’s sustained for the next two quarters, then I can’t see why another .0525 won’t be announced in September.
The hedging contracts brought in over 10mil last quarterly,...
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