they maintained the forecast of 2Mwmt sales in FY2021/22. On your figures that sounds like 16 ships by end of Jun (approx). They say it will accelerate over the year, so start off slow. So if you try to fit 16 ships into a six month increasing sequence, you get something like 1 2 2 3 4 4. Can’t really find an increasing sequence that means anything more than 1 ship in Jan. So seems there’s plenty more time for negative sentiment if we’re focussed on ship numbers.
MGX Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
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