price drop, page-6

I'll eat my hat if there is no dividend. I would suggest at least 20cps, but probably more. The margins for the half should have been better that the revious corresponding period with the lower $A being a big help. Port prepayments may have run out so cash cost could be up a little (not sure on the timing of this without checking).

ASX200 inclusion could also have an influence on price as the institutions take their cues / advice from research houses that might be taking a particularly bearish stance on Chinese gowth or iron ore etc, as JP Morgan did last year (and got it wrong big time). They take their positions and just buy / sell indiscriminently, no room for sentiment.

Large volumes today so guess what, every seller today had a buyer to scoop up the other side of the trade.