Also got to read the recent analyst report regarding the threat to debt covenants and interest cover.
The company has said it will ship 11m tonnes in 2013.
The analyst worked on the assumption of 8m tonnes shipped. That is over 25% below what the company has advised.
How can he get away with that?
Anyway, I had a bee in my bonnet and am now feeling better.
Time for a hot chocolate :-)
Hope this feedback helps.
GLTA
