Just a thought bubble whilst despair and doom have taken over.
there will be a considerable increase in costs loading Ultramax vessels at the same time as Capesize.
Ultramax have 4 cranes which will require at least six crane drivers and up to 4 rousties per 12 hour shift x 2 equals an extra 20 stevedores per day.
Charter rates are higher.
Then there is a possibility of an extra to wage requirements plus barges.
Further dilution is an also serious possibility .
Cheerfull thought bubble!
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Mkt cap ! $250.1M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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11 | 5823382 | 0.041 |
24 | 10906600 | 0.040 |
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Price($) | Vol. | No. |
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0.047 | 882352 | 1 |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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