MRC mineral commodities ltd
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Ann: Trading Halt, page-3

  1. spid81
    16,776 Posts.
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    29/07/24
    09:54
    Post #: 74957694
    This doesn't sound great,

    Major environmental incident.

    https://hotcopper.com.au/data/attachments/6343/6343292-41ac66fe5c89b39dda28ad891b3f5c61.jpg

    The last update from SAMSA suggested the breached ship was fully inspected and the fuel tanks were safe.
    https://blog.samsa.org.za/2024/07/25/14523/



    SAMSA reported: “Salvage work on the grounded Panama-flagged cargo ship, MV Ultra Galaxy, is continuing at pace. The vessel ran aground on the evening of Tuesday, the 9th of July 2024, off the coast of Duiwegat, just south of Brand se Baai on the West Coast.

    “The ship was abandoned by its crew of 18 Filipino seafarers after developing an excessive list. The crew is now safely back in the Philippines.

    “The immediate emergency phase of the salvage operation has concluded. This phase included the search and recovery of flotsam and other debris from the ship and sealing the fuel tanks to prevent any oil from spilling into the ocean. A new salvage company, Smit International, has since been appointed to carry on the next phase.




    Hopefully we don't have a break of the fuel tanks.
    MRC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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