Agree with both Danny and Chester.
I have 1 big concern though. The board and management do not have a good track record of using shareholder's cash wisely.
An on market share buyback would be excellent (up to 310m shares in the first year). I am not sure that they could pay a fully franked dividend as they do not have the franking credits.
They also need to keep about $200m in the bank at any one time to pay for provisional pricing if the LME prices go against them.
Prudence is the name of the game now! An old fashioned word, I know, but I think it is correct for this company to win investor confidence back again.
HT1
do we shareholders want to block martarbe sale, page-7
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