Onslow Transhipping, page-964

Thanks xxLIONXX, I am a big, big fan of your analysis too, and agree with what you've written today.

So keep up the good work.

At this stage one extra has sailed today from last night, Rosily, and i think Airlie and Coolibah are loaded but not sure what they are doing.

They may be waiting to go out when the wind goes down. Its at 40 km per hr at the moment with gusts up to 46 km per hour, and its forecast to go down in the 20s in a few hours.

I'll send a full update tonight after Stonedfished evening update, with how many they've loaded and sailed.

Tomorrow is the last day of forecast high wind, and then from Tuesday onwards conditions look really good until at least Saturday when the forecast data ends.

So i'll be delighted if they just do another 3 or 4 over next two days safely, and then can go up to 6 or so per day for a few days from Tuesday onwards with whatever the port stock is.

Also, there was nothing in AFR weekend article, so perfectly relaxed about that and the so called "sprawling ASIC" investigation. I agree with MINs strategy with Kali, and if others don't understand it, that is there problem.

All Mins has done with Kali purchase is spend $9 m buying a very cheap option over future lithium tenements. Kali was sitting on some of the best prospecive lithium tenements in WA, and close to existing MINs mines, so the efficiencies are obvious.

If it turns out that Kali have another Wogina or Mt Marion, then they could be worth $ X billion if and when Lithium recovers to say US $2000 per tonne. And now any one who wants to develop any of those Kali tenements HAS TO DEAL with MINs. At the very least you'd expect MINS to get the mining serives contract and say X% of the mine ownership from such a negotiation.

MINs did the same strategy with gas, and essentially built a may be $2 bn business whilst spending very little.