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Ann: June Quarter Activities Report and Appendix 5B, page-50

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gazzah

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03/08/21

10:33

Post #: 54984886
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Originally posted by Iryna-Bella: ↑

So was reading an article in AFR yesterday. The reason for the drop in iron ore price is because the government of China wants to control carbon emissions. But at the same time it doesn’t want to hurt it’s economy. So let’s look at it constructively. In the past, in situations where they had to cut down on steel production main reason was profit mar

gins and this always resulted in higher grades ore demands decreasing and lower grades ore price increasing. But this time it’s different. This temporary cutdown on steel production is to meet their 2030 target of low emissions. So more than likely demand for higher grade ores will go up even further while lower grades from companies like FMG will suffer. Obviously the reason being that lower grades ore needs a lot of coking coal to take off impurities. Resulting in more carbon emissions. Which defeats the purpose. And not to mention the price of coking coal right now as they have banned Australian coking coal.

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Just noted both our ships Wen DE and New Honor are at anchor at Geraldton Port .it looks like we will get three ships this month.
Great Quarterly report real progress and profit .Management doing a great job Thank you.

GWR Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.6¢		Change 0.000(0.00%)		Mkt cap ! $27.62M

Open	High	Low	Value	Volume
8.6¢	8.6¢	8.6¢	$410	4.767K

Buyers (Bids)

No.	Vol.	Price($)
2	208456	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	10002	3

View Market Depth

No.	Vol.	Price($)
2	208456	0.086
1	30000	0.085
1	6098	0.082
1	14285	0.070
1	8080	0.062

Price($)	Vol.	No.
0.089	10002	3
0.094	1250	1
0.095	100000	1
0.096	100000	1
0.097	88588	1

Last trade - 14.17pm 27/06/2024 (20 minute delay)

GWR (ASX) Chart