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
- Forums
- ASX - By Stock
- Ann: Revised Shipping Strategy Yields Substantial Cost Reduction
Some things to notice about this announcement (if you haven't...
-
- 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)
Featured News
Add E25 (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $43.98M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $13.12K | 64.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 485354 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 13766 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 485354 | 0.200 |
1 | 50000 | 0.195 |
4 | 22828 | 0.190 |
1 | 2709 | 0.185 |
5 | 460000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 13766 | 2 |
0.215 | 7400 | 2 |
0.225 | 24999 | 1 |
0.230 | 35000 | 1 |
0.235 | 5326 | 3 |
Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
Featured News
E25 (ASX) Chart |