it is my belief that as from DEC last year any iron ore producer who has already shipped their monthly allocations of ship movements through the port can utilize any movements that have not been taken up by others that have them allocated.This has enabled the BIG boys to increase volumes thru the port with their existing infrastructure,where they can.
somewhere there was talk of shipments being 25%??? ahead of prior records through the port.
Consequently,AGO has nothing to trade,however they are protected from the loss,i believe as a result of the agreement that allows producers of over 50 MTPA to pick up the infrastructure slack.they are also included should they physically produce over 50 MTPA. although their allocation is 46.5MTPA,once their planned infrastructure is fully completed.
DYOR+DYODD
AGO Price at posting:
71.2¢ Sentiment: Sell Disclosure: Not Held
