All; As i have previously discussed, Peak started operating on June 6, but since then versus the other transhippers, she has only been operating at about 40% of their run rate.
Below are the details: the others have averaged 1.13 cycles per day, and Peak just 0.46, or 40% of the others. If Peak lifts to the others' run rate, all of a sudden the shipping capacity goes from 34.2 m t pa since 6 June to 39 m t pa.
It may be something as simple as a temporary lack of trained crew and or Pilots for Peak that is causing the issue; but if so you'd expect it to be resolved very quickly.
Something to watch out for is Peak consistently operating at 1 or more cycles per day, the total transhipper rate then lifts and is no longer a constraint to haulage. Min can then get in more trucks to do 39 m ta p a over the short term.
A lot to look forward to with Mins
I will monitor this issue closely.
MIN Price at posting:
$21.56 Sentiment: Buy Disclosure: Held
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