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Ann: First Shipment on Track as Iron Ore Stockpile Builds, page-323

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mickzed

2,215 Posts.

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30/01/21

22:19

Post #: 50576270
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Originally posted by Butters18: ↑

Personally I think it's unlikely it's due to not having enough ore in the shed. It doesn't make a lot of sense to order in a ship knowing you're not going to have enough ore by the time the ship arrives. These things can be calculated.

In any case, their quarterly said first shipment by end of Jan and to be fair a few days here and there is not a big deal in the grand scheme of things; especially since they've ramped from nothing to producing in such a short time. Keep perspective of the bigger picture: they're producing ore, they're transporting ore to port, they're loading ore onto ships, and the operations are ramping; it's unrealistic to expect such a rapid production ramp to go 100% smooth without any hiccups. They will find issues, they will fix them, all the whilst continuing ramp and fixing bottlenecks towards smooth steady state operations to achieve the 1mtpa target.

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Nice level headed approach.
I think we've been hit with a number of negative occurances, dow,ore price, delays and now a falling share price which has spooked many, myself included.
Am holding as the oppies seem well held although had I held off for a day could have pickup many more, but anyway thats how things go.

GWR Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Last 7.7¢		Change 0.000(0.00%)		Mkt cap ! $24.73M

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