Next ship named, page-965

I haven’t understood the obsession with shipping the last few weeks, yes I understand that guidance was given at the AGM. But at the end of the day it’s not like it is rotting away and useless. I am happy that AT does not allow us to the dictated to. He didn’t let others dictate what we would accept for SDV and he is not doing it now. Yes we could sell a portion of SDV off on the cheap and yes we could be shipping spot off on the cheap. I love the fact that he always plays on our terms. That is what I want.

So we could ship some spod off now just to make some happy. We have heaps in the bank and don’t need the cash now. As long as production is doing well that is all that should matter. Why do we have this luxury, it’s because AT kept us afloat in the really bad times and has paid all of our debt with a heap of change with the POSCO deal. If he hadn’t we would be beholden to the vultures and have no choice. Where is the love for the strong position we are in.

Happy to play chicken, happy that we won’t swerve first. Customers will need it and when they are willing to pay good money for it we sell it them. The increased prices will be more than a little lost in interest.

At at the end of the day AT has a lot more riding on this than most of us. I’m pretty sure the massive amount of options he was given a while back had a end date, so he has a fair bit riding on getting us back up in the next year. He could be selling the farm to look after himself but he isn’t. What more can we ask. As someone said earlier we don’t know the daily goings on. His transitions have always been good and to our benefit. We need to have faith that this is still the case.

Yes the SP is a nightmare and I fully understand people’s frustrations. I wouldn’t mind seeing a few buy backs, at these prices surely it makes some sense. It would show that they think the SP is good value and in a way we would be investing in ourselves.

I understand that we don’t all see things this way and that is fair enough. But this is a sector wide issue and the way I see it they are minimising our pain in this shite time. That is if you have a very long outlook I suppose.

Good luck everyone.