They don't get enough credit for their disciplined approach to things. The only company besides the big boys like BHP/RIO to have paid a dividend this half, on top of share buy backs and despite the issues with several assets like Gemco, Worsley etc.
Modest leadership that do what they say they will do even though its hard:- Some examples of that
a) It was not easy to take a FID on Taylor - Zinc was in the toilet at that time and IRR was merely double digit. Looking back it was a fantastic decision and has set the company up for success
b) Plenty of self claimed experts (like money of mine guys) shat over their decision to sell the coal assets. That decision was inline with the mandate that the management was given by the board and shareholders. Since that sale the coal has come down quite a lot making the timing impeccable.
c) Since 2016 the S32 management has diligently been delivering on strategy by reducing exposure to bulk commodities and increasing exposure to base metals.
Hard work don't always pay off in short term but it will in long term.
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