Did you watch the recent interview with the CEO? He clearly stated that they negotiate CIF on a quarterly basis. All other off take agreements are FOB Fremantle so WAK has minimal, if any, exposure the freight cost blow outs.
Furthermore, as stated, costs in the pacific have not increased anywhere near as much as other parts of the world so shipments from Australia are FAR more competitive.
Sounds like you're trying to ramp down the price!
IPO - WA Kaolin Limited, page-552
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Last
3.6¢ |
Change
-0.007(16.3%) |
Mkt cap ! $16.48M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 3.6¢ | $33.47K | 839.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 194445 | 1 |
View Market Depth
| Last trade - 15.48pm 18/06/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.007 ( 11.6 %) |
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| Open | High | Low | Volume | ||
| 4.3¢ | 4.3¢ | 3.8¢ | 243395 | ||
| Last updated 15.36pm 18/06/2024 ? | |||||
| WAK (ASX) Chart |