That was in the "past"... they stuffed up multiple times, but that is in the "past".
The company is in much better nick atm and the times are good. Whether they do an equity raising to get Southdown going will depend on how much of Southdown they decide to sell and what price they can get for it. IOH recently sold 55mt of JORC (inf+ind) resource for $42mil to MIN; and sold 106mt of JORC inf resource for $33mil + 2% royalty to RIO. One can only imagine what Southdown's 655mt measured+ind+inf JORC resource and 388mt of JORC reserve will fetch in a sale.
earning profit $116m pa mc $519m, page-9
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