It will be interesting to see if they can get the deal done and announced this week. 15,000t will certainly put some money in the bank to keep things going and having barges will provide some continuity of cashflow.
On a positive note, the expected 10,000t announced on 6 June has grown to 15,000t now. It certainly is taking much longer to get things going but with MC of around $106m, CKA could be starting to pull in some impressive revenue very soon, which will push the SP northwards. Hopefully the plans are more robust and all encompassing this time around and this will be our last big hurdle before we see the ramp up we all expected many months ago.
Hopefully, the coal prices we get are reasonable and the market holds up. Shame that we missed the peak!
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