Calm the farm, page-9

First 9 Last

Share
Profile

Follow
Jetballs

2,199 Posts.

134

23/02/21

07:32

Post #: 51232773
Share

Originally posted by pagarsi: ↑

Mea culpa. (Two posts in recent times that I have started in a foreign language in the vain belief that it will make me seem clever and urbane.). In the thread entitled ‘goodbye and sincere thank Adrian Costello’ I reported back on an email sent to me by GWR chairman Gary Lyons. To recap I wrote to him asking when we would know profitability. He wrote and explained that because of a series of one off teething problems we would not accurately know profitability until after the second shipment. All this I already reported.
After reading Ahab‘s post tonight I went back and read the email from Gary again and, my apologies to all, I missed what I now think is the most important part. When explaining why we don’t know profitability until after this second ship load he continued, ‘we are however confident that if the price of iron ore remains above $110 to $120 the venture will remain profitable.’
That is the bombshell fact, here is my conjecture. As long as the iron ore price remains above $110 to $120 Australian we will be making more than the $10 cut off mark for profit. Those of you doing modeling for us should include this data in your models.
Once again, sorry for missing this and taking so long to report.
P.S. He also said that some of the first profit would be used to fix the road, but that is a given and not that important.

Expand

You sure he was talking AUD and not USD?

GWR Price at posting: 31.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

First 9 Last

Add GWR (ASX) to my watchlist

(20min delay)
Last 8.8¢		Change 0.002(2.33%)		Mkt cap ! $28.26M

Open	High	Low	Value	Volume
8.5¢	8.8¢	8.5¢	$42.64K	496.1K

Buyers (Bids)

No.	Vol.	Price($)
1	18178	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	44838	1

View Market Depth

No.	Vol.	Price($)
1	18178	0.084
1	19067	0.083
1	12195	0.082
1	190000	0.081
3	372500	0.080

Price($)	Vol.	No.
0.088	44838	1
0.090	50431	1
0.092	123633	2
0.096	11794	1
0.100	29000	1

Last trade - 16.10pm 13/11/2024 (20 minute delay)

GWR (ASX) Chart

Calm the farm, page-9

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Calm the farm, page-9

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News