Intent of comment was perhaps missed, or not articulated appropriately...
The ships that did turn up would likely have had been 'advised' (however that happens on market) that there is 'offtake/shiploads' available (not many operators run stockpiles to zero, unless forced to do so), and I'd suggest demonstrates that the MGX 'mine-plan' perhaps factored-in a ship or two every month or so throughout the 'stripping' program, which is why the 'reduced shipping rate' was observed, while still maintaining some level of 'cashflow injection' from these reduced export-shipments, versus the risk of draining the bank-balance on 'unknown/unplanned' expenses/issues and having little contingency...
Most things are (or at least, do not need to be) binary in nature, maintaining optionality is often critical to success...
Intent of comment was perhaps missed, or not articulated...
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Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $376.7M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $167.1K | 531.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 371626 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 9665 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |