profit up 655% after tax super result, page-2

yep first very short look:

up 655% from a loss of $1.3m to a profit of $7.1m AFTER a "material one‐off gain on the Company’s hedge positions" of $34.9m. ummm OK. Huge turnaround. lol.

Not as bad as it could have been??? but still hardly earth shattering stuff in a year when POO was $147.

Almost feel sorry for the Co. appear to have painted themselves into a corner: if they desperately need the cash from the raising at such a low price because the debt is SO debilitating then this should be a terrible report. But is it?

Conversely if its a such a good report and they're following the "strategic review" to the letter as they imply... then why raise at such a low level and why issue so many new shares with NONE going to shareholders. Appears they managed a period of very low POO and STILL paid down debt anyway.

To my way of thinking this would imply they didn't really need the raising or at least not of that scale.
You simply cant have it both ways.
The bipolar company continues.

l8r