I thought it was a pretty good update. And they did not have to make it. The tone of the announcement changed as I think the management have taken some feedback on board and provided more metrics. More realistic.
Shipping 30kt pq without expansion...probably making around 100-150 per tonne at this point in time so profit of about 12-18mln pa...for a market cap of 82mln...with solid expansion plans...what's not to like?
Ann: Company Update & Future Outlook, page-26
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