Some things to notice about this announcement (if you haven't already).
1) product is on grade. Please explain - in this ann it says that this charter has been negotiated at (low) USD $30's per tonne, and this is a 45% reduction from previous peak and this equates to 0.75 USD / dtmu. So the previous rate was US $55 / tonne meaning the saving is USD $25 / T. The only way that equates to 0.75 USD / dmtu is if the grade is 33%
2) production is increasing. Product on hand at the end of last quarter was 20KT and they were previously producing 16KT per month. Its a bit of a guess but I'd say the average production for Oct/Nov needs to be above 18KT / month to have sufficient product available portside for this charter.
3) I've re-done my calculations and now expect the current quarter to be cash flow negative -AUD $4.2M before becoming positive AUD $2.2 in Q1 2022.
All IMO and DYOR
Ann: Revised Shipping Strategy Yields Substantial Cost Reduction, page-22
-
- There are more pages in this discussion • 159 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add E25 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.3¢ |
Change
0.003(1.14%) |
Mkt cap ! $48.93M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $6.632K | 29.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 149833 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1722 | 1 |
View Market Depth
| Last trade - 15.43pm 09/08/2024 (20 minute delay) ? |
| E25 (ASX) Chart |