"Hopefully the next shipment is late March @ 90,000+ Tons"
Impossible to be one shipment at 90,000 tonnes unless using a capex bulk carrier.
Panamax is 80,000 tonnes, more likely is two x Supramaxes at 45,000 tonnes. Maybe one to OMQ in China and one shipment to Sarawak.
The Mn ore price has increased nicely, if E25 can't make a buck now its doomed.
My guess now is breakeven and maybe a few dollars profit which can pay bonuses to management.
E25 Price at posting:
$1.16 Sentiment: Sell Disclosure: Not Held
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