Whilst that pricing includes freight and shipping it would indicate a margin of AU$321 for Pilbara.
I am wondering if Pilbara have already been receiving this pricing and will reflect in the quarterly announcement due.
*Galaxy's last shipment was quite some time back.
*Galaxy's next shipment was suppose to be in the March Quarterly however due to the late arrival of the ship ended up in April and they state in the announcement Q2 shipments with pricing well in excess of US$600/dmt CIF.
As this shipment occurs in April, is it reasonable to expect that the pricing for that shipment is at minimum US$600 and that it was pricing being received not specifically by Galaxy, but during the March Quarter?
In which case where this is relevant to Pilbara is in that of those shipments during the month of March in particular.
Good News & Bad News, page-363
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