Actually do you know what the agreed tonnage was? Have you even...

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14/05/19

10:45

Post #: 38551575
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Originally posted by moorookamick: ↑

A stockpile of 70K odd HMC does not put IMA in a good position to improve on the $515/ton* received in the Mar Qtr ( Forecast $585/ton) given that the Chinese offtake customer balked at the expected April shipment .
Management's excuse : We were too successful in our ramp-up which caused our "full production offtake partner" to not accept an April shipment.
Sounds like pollyspeak, IMO.
IMO, the company should release the pricing formula for its HMC offtake deal; otherwise Mr Market may have reservations. The alternative, IMO,
is a published spot price sale and IMA has the stockpile to flog 40K ton on the spot market, IMO.

* This is low considering the above Zircon %age in the HMC sold.

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Actually do you know what the agreed tonnage was? Have you even bother to read the announcements? clearly not!! So ill just tell you what they were January 5000tons, February 7500tons, March 10000tons, April 12500tons, May15000tons and June 17500tons.

So between Jan to March the take off partners took 48000 ton, more than double the agreed amount of 22500 ton. Image confirming your announcement yesterday that 28000 ton will be getting shipped out May 20th.

so you should do your research better cos when you get on here and write things that are wrong you look uneducated and lazy.

IMA Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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