"FX used AUD/USD = 70c where actually is 71 and recent averages have been higher."
Where yowie13 uses a FX rate of 70c, it actually improves the bottom line for E25,
if yowie13 used a FX rate of 71c AUD/USD then the loss would be much bigger.
The average price received would be more in AUD when an FX rate of 70c is used.
So your suggestion of a higher FX rate just means that E25 loses even more money.
Total revenue at FX at 70c = A$6,646,553.31
Total revenue at FX at 71c = A$6,552,939.43
The price received in AUD would be $93,613 less.
So the loss would go from A$5,508,446.69 to A$5,602,059.69
"But I deem that extremely unlikely based on the available information."
Thats the problem, E25 gives out NO information. Its a guessing game.
I'd say that the shipping rate that yowie13 has used will be very close to the mark.
ie US$1.03/dmtu. It could be a touch less.
I'm also betting that the road transport costs will be higher now that the oil price is over US$90/barrel ( AUD $127/barrel).
My guess
Q3 should be better due to increased production and lower shipping costs and should result in a $2 to $3 million loss.
E25 Price at posting:
$1.30 Sentiment: Sell Disclosure: Not Held
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