Unless I'm mistaken the offtake agreement included prepayment for TWO BOATS. $1m US a time - NOT TONS (profit share on the first one after FOB and shipping costs),not on the second. Unfortunately the only other boat to berth which is also their second boat is of 15KT Do the maths -I imagine not much dosh coming from the 50kt total that was originally shipped to port awaiting shipping,no matter what price they get.
Comminication is BAD here,so your guess is as good as mine. Have they only just cleaned up their port stocks and that's IT,move on,or what? On to selling the next big dream?
SRK Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
