great announcement, page-2

Just bought another 80,000 at 13c options as this has now de-risked a fair bit.

I remember he mentioned this at the AGM as a chance of happening, but in a couple of years time. Now it is from set go.

At $65 a tonne this is great improvement.

Also Stage 2 of having 150,000 tonne vessels means the CIF price will be cheaper and it means we will not have to wait for Port Bonython long term.

Also don't have the risk of delays or dependence on a railway system that can slow you down especially turn around time as it was hundreds of km's to Port Adelaide.

This is great news on a crappy market day.

Well done Finch, and now we can see why you delayed signing the Port Adelaide deal. Lucky you don't listen to shareholders pushing you to sign anything, so they can get short term gains.