My understanding is that we had nearly 35,000 available at the end of March and in recent quarters where we did not have a major shutdown we have been averaging a bit over 50,000 tones, so we could have around 85,000 tones available this quarter. In each of the past quarters excluding the most recent we have had about 14,000 to 18,000 tones left in inventory at the end of the quarter. And one last bit of info, the company upheld guidance that they would ship for the full year somewhere between 200,000 tones and 230,000 tones and to date we have shipped 142,000 tones. This means we have between 58,000 and 88,000 tones to ship this quarter.
My guess is that they will ship about 75,000 (3 ships 25,000 each) tones this quarter, leaving about 10,000 to 12,000 in inventory..
SYA Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)