Ann: Media Release Net Profit $106.4 Million for the Half Year, page-46

Theres going to be a bump in profits due to the weakening usd aud. This is a significant factor for profitability.

The 2nd half will also show higher production and substantially higher sales in manganese ore from the stockpiles. The smelter will record higher production and sales due to stockpiles of ferrosilicon and manganese alloys and additional ramp up of the last furnace will also boost sales.

By 2nd quarter 2019 there is likely going to be plans for expansion of the smelters. Incremental investment will be less than the original cost as land and electricity infra was already purchased during the 1st phase. There will be synergies as well.

Im guessing there will be a big ramp in the share price soon. The tailings plant costs so little even a delay wont really effect prices. Just selling from stockpiles and the lack of problems that were in place during 1st half will be a large tailwind for profits. This is on top of the weakening auusie dollar vis a vis usd.