In the temporary absence of Idlewander (extended holiday in South America) I have been trying to help out with ship tracking the best I can without having a paid subscription that all the vessell finder apps require to unlock further information.
To bypass not having a paid subscription, to spot more ships one could investigate the ships showing up on satellite imaging in the where abouts of the South China Sea and then look up their reported destinations, one by one . . . but I have not done that as there are hundreds of them.
I notice the report that was released this morning states "guidance met" for the March quarter.
This morning's report now offers guidance of 1.121 mt (15 ships) by June 30.
This morning's report also states ship numbers to increase "rapidly and imminently".
The report also states that by June 30 costs will have averaged down to $75 for the full financial year . . . with significant further reduction with the decommissioning of the temporary mobile processing plant from an outside contractor as a result of the fire last August.
MGX Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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