Morning all.that second shipment due for loading on 28th will be...

Morning all.
that second shipment due for loading on 28th will be important. When do they deem it sold/paid? When the ship is fully loaded, ship sailed or ? It will make a huge difference to the q3 profit/cash flow to have that 60,000t included. although it would probably mean 3 lots in q4 and the second half and full year would look good anyway.
that $10 drop of IO overnight, won’t help today.
but everything looks good going forward. Patience required until they successfully ship at/above forecast over at least a couple of quarters and IO price stays up nice and high. IO price can afford to fall back a bit more, as we’re a long way above the long term average price the analysts use.
it’s frustrating to watch & wait as this good story unfolds. But as usual with emerging juniors, patience is required.
cheers,
ned.