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05/12/24
13:03
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Originally posted by ManyWerri:
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Happ I have read the announcements and I have read the posts in this thread. For what it is worth, I have held for a couple of years. Additional revenue: Sales receipts in Q1 will be (at least) a ship less than Q2 because of the timing of departure for the October 4th vessel. Why should production costs increase by $6M when the cost base is largely fixed and the variable component has barely changed? If they ship another vessel before the end of the year then you have another $6M in revenue on top of the roughly $18M already guaranteed for the quarter. Payables: that Aurizon cost is in the production cost (of 11.5M last quarter). The 450k is recognised and invoiced each month because it guarantees a service of trucking/railing/loading a minimum amount of material - it doesn't sit in financing cash flows.
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You have mentioned quite a few items as facts, which only an insider would know. So you gave yourself out. You are attempting to gaslight people about "possible" end of year shipment. That's called market manipulation. Will be interesting to find out who you are as part of class action's preliminary discovery.