Mininnguts cash figure of $443m for 30.6.24 is based on 11 ships. We have a 12th ship due to arrive this week . . . and hopefully be fully loaded by 30th. It does not even need to depart the docking to be included in the current quarter. It just needs to be loaded. Miningnut has stated that a 12th ship could add as much as $12m to his estimate.
We are very close to cash backing and would exceed net tangible asset value at the current SP, which I took advantage of and accumulated more at 40.5.
Mininnguts cash figure of $443m for 30.6.24 is based on 11...
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