E25 5.71% 33.0¢ element 25 limited

Estimated Production Numbers, page-15

  1. 1,466 Posts.
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    So the previous shipment was commissioned on 22/06, however they didn't go ahead with and most likely because of its geographical location(distance to Port Hedland) and have since finalised a Supramax vessel with DWT capacity of 60,000 + tons on 12/07. The previous ship was estimated to carry between 35,000 to 40,000 tons. Only 22 days has passed yet they have had the confidence of booking a much larger vessel and one that can carry more than 20,000 tons than the previous. Production on the ground therefore must be trending higher than for any other period before and very possibly on or above nameplate.

    Exchange rate @.68 means more $$ and at a time when the Baltic rates are at the lowest point for several months and a commodity price that is still towards it's recent high's. Remarkable that this one delivery could net more than $10M yet the market capitalisation of E25 is only a mere $80M
 
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