More independent directors, they triedvthat 4 years ago also.
Final result: more dependent Chinese directors.
I am loving it, this companynkeeps on suprising.
No idea where SP will be going.
1 thing for sure the made 92 mln, and have more the aud 200 mln liquidity.
If IO price stays at this level they will be making over 100 mln in 2017, so cash will be close to 300 mln
My take is that they want to have confirmation of where IO prices will go coming 6 month. If they stay at this level you will see a larger div in sep/oct.
Good to know is that they have the quality stuff and that is what they want now with all pollution so higher premiums for pellets would not be a surprise.
More independent directors, they triedvthat 4 years ago also....
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