Will be interesting to see where extra production came from, was it tooheys? The underground? The shorters were starting to convince me that Duketon was toast. Maybe not? Impressive that it looks like they will make guidance I didn’t think it would be possible. Also cash back to 227 mil roughly where they started the year so may still might be able to claim some losses and get some tax relief. Weather outlook for WA is rosie unlike NSW so no reason production should not keep humming along. From memory a 3c divi last time cost them about 44 mil. Hasn’t been too much dilution so should cost about the same which would appear doable. Will be interesting to see the markets take.
RRL Price at posting:
$1.45 Sentiment: Hold Disclosure: Not Held
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