Great excuses, but it doesn't load bulk carriers.
Lets hope some ships show up shortly otherwise this quarter will be as bad as last quarter. I'm not prepared to sink another dollar into MGX until I see some ships on the horizon. When I just checked a moment ago, still no ships are steaming towards Koolan Is.
Theres no doubt MGX will do well when it starts pumping out high grade 65%, but when will it happen?
Meanwhile the prices are at record highs. Think of all the money MGX is losing, as they say make hay while the sun shines.
https://www.argusmedia.com/en/news/2235145-brazil-iron-ore-pellet-supply-squeeze-drives-premiums
The ballooning costs in the Pilbara are also a concern, just getting competent staff is also becoming a problem as some companies have to offer wages to keep their good staff. All adding further costs to the bottom line.
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