Good Ann, last time we got told spudeme price it was to increase it fro $900 tonne to $960 tonne so the question is if we had no other prices released until now did Ganfen pay $960 for July until Sep?
If so the drop from $960 to $930 will have less impact on our quartery payment for Oct/ Dec and the new plant lifting 4% to 6% should also help once it kicks in.
We are told now that the price should have been $1070 tonne for that quarter so will RIM be topped up for the difference an extra $110 tonne?
Now the price is $930tonne so taken over six months the average price is $1015 tonne so $55 tonne increase from the old price $960 if taken over six months.
My thoughts are the dip in price will be short lived and hope to see another lift by the end of this quarter, next payment due end Jan 2019 if as I suspect we are now getting regular payments every quarter, it takes RIM about four weeks to complete the quarters accounts and pay the dividend out to the shareholders, Loop.
