wonarah-nmdc scenarios, page-25

zmans

if LCYer expect cheap price, then :


--> NDMC pay 20m to MAK ==> MAK's price up 20-40% over one week and slowly go up for higher.
--> NDMC pay 38m to MAK ==> MAK's price up 20-40% over one week and slowly go up for higher. LCYer may upset with 38m debt and price down to 12 cent.
--> NDMC pay 50mil to MAK ==> MAK's price become double ! while LCY is sick of 50mil debt and price drop to 10 cent.

overall MAK is safe, while LCY have lots of uncertainly just because those massive debt.

and I think NDMC don't really care about profit on LCY, all they want is discount price on iron+coal so they can make more profit from Steel.