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December Q report advised: 19,517 tonnes shippedMarch Q report...

  1. FFailings
    754 Posts.
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    23/07/23
    09:27
    Post #: 68930020
    December Q report advised: 19,517 tonnes shipped
    March Q report advised: 23,053 tonnes shipped

    Therefore the amount shipped for the quarter including the Samsung shipment was 59,290 - 23,053 - 19,517 = 16,720 tonnes.

    The company has then had

    27/5: African Margeaux (Mackay, Brisbane, Geelong, Portland)
    3/7: African Quail (Brisbane, Devonport, Geelong, tbc)

    tonnages obviously unknown despite the company guiding "the Company’s next two shipments are both expected to 15k tonne each in the June quarter" as ships can leave not fully filled. Regardless, the company should mention African Quail in their quarterly as this is common practice amongst other bulk commodity companies. At the very least, they need to say it docked on 29 June. Needless to say, the market would take very kindly to potentially having 16,720t + 15kt + 15kt being shipped from 1 April to 3 July.


    CXM Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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