Trump's tariffs, page-7

Hi Tremonti17

Thanks for sharing the chart for high grade.

For the he first 9 months of the fiscal year there was a 7 to 8% premium over benchmark.

The first 9 months saw 2 mt shipped, with guidance of 2.7 to 3 Mt maintained for 30.6.25
. . . which equates to 0.7 to 1 Mt for the current quarter.

Hopefully closer to 1 Mt, as we're were able to ship 0.7 Mt in the March quarter despite being plagued by typhoon season.

1 Mt with 7 to 8 % premium should add nicely to the war chest ($460 million as of 31.3.25).

When we eventually break through $500 million (and with no debt) it should draw attention.

Peter did say in the most recent audio webinar that they are looking at a sizeable aquisition that will make MGX bigger and even more profitable.

Peter also stated to expect the buyback to be halted when in negotiation stage. (audio on MGX website).

The buy back was halted one month ago on 14th March.