"As far as I can tell the $13.7M profit does not include the...

"As far as I can tell the $13.7M profit does not include the $5.7M repayment from Monarch (listed under 'events subsequent to balance date"). So that is a bonus."

Wrong if you read it again it obviously does so you need to remove that $5.7M

Results ok but not great considering they are devouring their resource and arent finding any more iron ore to replace it and guessing will have mined it out in 4 years.

Bit rich for them to say they are a boutique player when they are selling ore at a discount.

Overall I thought it was a very poor report just plenty of back slapping even though the rise in iron ore prices which meant they were profitable had nothing to do with TTYs mangagement. I am still holding as believe the share price will jump to 21 cents, due to day traders.