Did we hit the bottom at 21c? Could be a little early to call it...

Did we hit the bottom at 21c?
Could be a little early to call it but I would be not supprised.
If IO prices stay at this level for say 6 months...GRR will be a good investment.
They will definatelly be very carefull paying big dividends but with a gross margin of 100 mln there will be higher div to come. Take in mind that they deliver the high quality IO which is getting more and more the flavour coming years...so even with some weakness in the IO price they still able to make a good margin.
The company is building a buffer for difficult times but if they reach 200 mln cash the will start paying more div I think....so let us hope that IO is at fair value, but then we talk about a bulk commodity and anything can happen as we have experienced...
Dyor