No pleasing some ? :confused: Current quarter sales have been...

No pleasing some ?

Current quarter sales have been strong with 24,881 dmt delivered to date, with a further 13,000 dmt confirmed to ship in mid-June 2019 and an additional cargo planned for late June/early July.

24,881 + 13,000 minimum mid June and a possible shipment late June ... If the late June shipment comes to fruition they will be close to their estimates for the quarter and may even exceed depending on the size of the shipment ... so say 38,000 minimum as back of the envelope calculations:

USD $600pt / AUD $857 pt

38,000 t (minimum) @ AUD $857 pt = $32,566,000 less $20,000,000 Estimated Cash Outflows for the June quarter = $12.566m profit ... Nothing to sneeze at .... and if the late June shipment does get through then this will certainly increase that figure obviously .... nothing to be sad ab0ut me thinks

Please note these calculations are rough workings and allowances need to be obtained for price per tonne received in USD and of course AUD exchange rate, actual cash outflows, etc etc

GLTAH