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1.4¢ tombador iron limited

Hi CapitalI think they probably had the ability to wind back...

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Troisi

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28/01/23

13:36

Post #: 65923303
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Originally posted by CapitalVelocity: ↑

I'm also wondering what they will do with the dividend given the change in year end. I suspect that out of the last 6 months, iron ore prices were only high enough for the company to sell profitably for the the last few weeks of December. But they are surely printing cash right now in 1Q23, so maybe they can still pay something decent since the company will have had a month or two of healthy cash flow by the time they announce the results, and also have some visibility on how their bank balance will look by the time the dividend is actually be paid in ~April.

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Hi Capital
I think they probably had the ability to wind back production costs, i.e. given they had ample product already stockpiled. It will be interesting. Im hoping for a decent quarter

TI1 Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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