I have been somewhat optimistically following GWR for several years, I have even been at Geraldton watching the trucks unload, but after about a year of shipping this is disturbing. Sales at A$145.15 dmt .. DRY metric tonnes C1 FOB A$135.2 wmt WET metric tonnes At first glance a mere $9.95 profit per tonne ... but NO it is worse! Quoted Cost is WET and sales price was DRY. How many WET tonnes make a DRY tonne? What is the moisture content of WET? Not quoted! If it is more than 7.36% then they are making a loss on every tonne. Surely this is misleading reporting! Of course please correct me if I am wrong in my assessment
GWR Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
