Ann: September 2022 Quarterly Report, page-62

worth also bearing in mind that on top of the 1.5bn of cash flow in the quarter they made 500m effectively buying shares at $5 now worth 10 !

I don't understand the gloom at the lower production mumbers , the flooding caused more than a 30% spike in prices from losing 30% of production, the reason commodity stocks are so cyclical is that high prices tend to produce much higher production which then collapse's prices, we now have the dream scenario where nobody is investing these windfall profits in increasing production while rains and other problems keep production constrained, under the current environment we have high prices for much longer, the longer term prices out to 2025 will end up at 200 usd plus which means bumper profits for many years...