That's what makes it look so bad. There's circa 51000t produced but no income recognised for it so far. The shipment must be recognised in this current quarter and their stockpile has increased substantially also (although I cannot get the figures produced versus sold and in stockpile to reconcile). If we account for the fact that Mn price decreased approximately 20 percent then you can work on the prior quarters income to give a rough calculation of what sales would be for last quarters production.
That's what makes it look so bad. There's circa 51000t produced...
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