Two sentences which catch my eye: "... This high level of...

Two sentences which catch my eye:

"... This high level of rainfall increased in July and August and is impacting mining activities in the main ore zone area. While this will affect production rates through October, high production rates are expected once access to the bottom of North Pit is restored and will support full year planned production. ..." First time the Board hve strayed from teh script of reportung re matters directly within bounds of reporting date. This is I think a subtle fore-warning that September qrtly might not be the most attractive. Outcome consistent with @miningnut shipping data.

"... Revenue from contracts with provisional pricing is recognised based on the estimated forward prices which the Group expects to receive at the end of the quotation period. The quotation period exposure is considered as embedded derivative and forms part of trade receivables. The subsequent changes in the fair value were recognised in the statement of profit or loss and other comprehensive income as other revenue (loss). Changes in fair value over, and until the end of the quotation period, are estimated by reference to updated forward market prices. ...". I was operating on an assumption pricing was FOB which means it's the price when it goes over the ship rail. Apparently there is now another delay ie the quotation period. I wonder what the quotation period is?

Great result though. Dividends miserable (...er, who would have thought?) at about 20% of net profit... NTA reaching new heights.

Have a great day!