LGC Price Crash, page-3

Hopefully they clearly articulate what they have done. My interpretation is that they chose to sell 1.9 certificates at around $90 instead of surrendering them. They will then attain certificates within the legislated 3 year window at a lower cost so as to reverse the penalty. So, in effect, every $1 drop in the LGC price equates to a $1.9 million benefit to the company. Have I got that massively wrong?

Hoping that the US growth is on track (including margin) and that the market doesn't understand the $20.2 million that was technically earned in the first half (but not received). Could be a bumper profit on paper.