With a northern winter approaching and hopefully the Chinese...

With a northern winter approaching and hopefully the Chinese realising they need to stimulate their economy, maybe we will see another perfect opportunity to get big revenue through the doors.

We missed the last peak due to the lack of a road bridge and a loading facility, and now we are still missing barges! If they can just get those barges and start to sell even a 100kt, it would provide some cash flow.

This has been a really long wait to get this far and appears we have some way to go. The announcement on 10 July that arrangements for barging were being finalised with the vendor gave me hope that we would see something this quarter but it appears that is slipping away. Maybe we will see barges in Dec Quarter and a completed loading facility in Jan/Feb next year. Hopefully the money won’t run out in the intervening period.

My heart says 10.5c is a cheap buy but my mind agrees only if we are sure they can make it to sales!