CXM 2.70% 3.6¢ centrex limited

It would be most negligent for their investor relations to not...

  1. 822 Posts.
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    It would be most negligent for their investor relations to not monitor this forum, so I think they are more likely than not to read posts.

    Next shipment was said to have been scheduled for 17 May.

    There are no shipments with Aurizon as stevedore. There are however two smaller shipments of fertiliser with stevedore name undeclared (usually it is Aurizon for this company based on the contract):
    - Ship "Port Estrela" with scheduled loading duration of 35 hours on 18-19 May indicating 6,000t.
    - Ship "Southgate" with scheduled loading duration of 22 hours on 18-19 May indicating 3,000t.

    Port Estrela will be further loaded with someone else's fertiliser on 19-22 May.

    Based on the above, even if the company does 10,000t across the above two ships, it won't be able to meet its forecast of 55kt for the quarter. It is simple math and the company has misled the market.

    More concerning is the fact that the company is still using very small shipments which is not good for the costs.
 
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