Spoke to company today . in summary I think people will be...

Spoke to company today . in summary I think people will be disappointed with cash balance at quarter end as as costs will still be elevated due to higher waste removal and the wet season still continuing ( eg was given that it rained most of last week where they had an meting in site. The mill changeover also costs 20m which thank Goodness will happen next quarter and the good news some of the money on this has already been spent but another 8-10 m still to be spent. Dividend I would say is likely , but it seems we have another higher cost quarter ( not as high as last quarter ) before we see costs come down to a sustainable level . Tassie is still wetish but production is going ok is tracking close to target. The good news is the high IO price will enable cash to grow even during this higher cost period I asked whether they took opportunity to sell down inventory to take advantage of iO strength , the answer unfortunately was no as they need to keep inventory at Current levels