The smaller quantity is what has me interested. IMO you would think that being at name plate or more supposedly since Dec/Jan would be producing 1000kt a day which should give us upwards of 80-90kt to move this qtr. Yet the first shipment we are aware of is 30-35 in the start of march even if they produce 1000kt a day in March that still leaves a 20-30kt hole. Stockpiling doesn’t make sense currently as the price is good and baltic dry index is at a work able level. If one of these factors was un favourable I could understand stockpiling to wait till it is in a favorable position. With the expansion plans and DFS upcoming would E25 not try and prove that they are infact profitable and able to operate debt free like they have previously claimed.
E25 Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
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