Hopefully by the time the Diamond Queen vessel departs Burnie that VMS have enough iron ore ready to book the second shipment vessel.
Too early to make the call on Iron Ore price but with the news that China has had its first zero day for local COVID-19 cases yesterday means the Iron Ore price should stabilise then increase when construction sector re-opens and ports fully open.
Remember, VMS only needs Iron Ore to be US$120 to be very profitable; go VMS!!
As always DYOR and this is not financial advice.
Diamond Queen Vessel - First Shipment - Arrival 6th September, page-3
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