Q3 final predictions with last quarter's (Dec24) actuals in brackets: A$ except as stated 1) Cash & investments(ex FEX): $448mil($431mil) 2) IO65 sales quantity: 715kwmt(709kwmt) from 9 ships(9 ships) 3) Sales revenue: $107mil($99mil) 4) Fines FOB unit price realised: US$97(US$99) 5) Unit cash operating cost sold FOB: $95/wmt($94/wmt) 6) Total cash operating costs(before royalty, capital projects): $73mil($72mil) 7) Net operating cashflow: $19mil($15mil) 8) Average 65% Fe CFR price: US$117/t(US$118/t) 9) Average realised FX rate: US$0.63(US$0.63) 10) Average shipping freight rate: US$10/t(US$12/t) 11) Working Capital movements: +$3mil(+$7mil)
NB: The ninth ship, Navios Star, won't be leaving Koolan Island before today - so there is a probability that it won't be counted in this quarter's figures, although I have included it as I expect they would have received payment for the shipment prior to 31March. Cash reconciliation: MGX Shipping Schedule.pdf
MGX Price at posting:
33.0¢ Sentiment: None Disclosure: Held
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