It's possble the chinese have been stringing calderwood along while possibly taking product from elsewhere.
Facts are these 42kt in 3 months and now 18kt in 4 months, thats not right once you fire up the converter it doesn't stop you must have a constant supply, so either they closed down which we would have heard about or they taking supply from elsewhere behind our backs.
Nothing else makes sense, small ship in May, No shipping in June, No shipping in July......... I think they pushed back in August and calderwood has had enough.
We should be sitting on 50kt right now thats $50million in product we cannot afford to carry, if they were buying it in 2 weeks we wouldn't need a TH for sales the sales would just be happening.
I am preparing for a shut down of the plant, do I blame calderwood no if his been strung along his been strung along only option is to go nuclear on Jiangte/burwill and say you breach no more soup for you ever again.
We sell the stock pile we retire the debt and we continue to have discussions with non chinese parties while we drill out our resource, it's not ideal situation, but it is what it is.
A40 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
