IMO my estimated YTD key financial metrics underpins FY18 revenue over $160m, shipments >520kt, Operating profit >$57m. Numbers are actual ships loaded and dispatched + next two vessels. There should be strong cash generation + profitability for current 6 months and short term pellet premium outlook and offtakes for balance of calendar 2018 should deliver record results. DYOR
I'd suggest Board should be considering $0.02 per share interim dividend in Sept 2018 as cost of this may be around $24m which can be funded by greater than $200m cash reserves plus high level of trade receivables and free cash flow from each shipment over the next 4 months. Chair's trading Outlook statement at the AGM in two weeks should be entertaining.
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