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Mitchfowler

191 Posts.

9

10/09/16

08:16

Post #: 19065945
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Originally posted by Ravenhaller ↑

Exactly Bob. My swing hand left at the top of that last run, only my long hand remains. But that long hand is no small position.

As you say (and I think I was the first to point out in the announcement thread) our customers haven't batted an eyelid, in fact they'll take everything we can give them - this year, next year, and they're looking to sew up the deal even further onto the horizon. That sounds like we've groomed loyal, amicable relationships to me. No doubt good for our bottom line too. If we ramp up effectively our income projections will only rise in accordance... and that's the works going on right now.

Anwyay, I digress. Still sucks to see current SP activity. The offtake delay gives the shorts more ammo to hammer us in the interim, and nobody likes to watch their portfolio value go down.

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We've all seen announcements add a little fluff to try soften bad news so I wouldn be getting to far ahead of myself that we'll be fully contracted for the foreseeable future until contracts are signed.

Hopefully this delay isn't used by the customers to drive down prices for next year - not ideal to have come up just as you're trying to negotiate a substantial price increase

Last edited by Mitchfowler: 10/09/16

GXY Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
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