Trying to extract more particulars out of CII is worse than pulling teeth....
Having spoken to two representatives the information leada to the following.
Total production should reach previous of 700,000 ton pa,even allowing for seasonal dropoff. Price sshould remain high (85% above previous),PRL cash box should have $50+m and growing rapidly,the lower the AUD$/USD will assist in surplus growth.
Demand from growers to remain high.
Overall profit before tax should pass $100m for a full year.
CII continues to explore ways to reach 50% of PRL.
CII Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
