Further to a previous submission on 4/5/15 wherein I set out the shipping details for GBG at Geraldton since 1/7/2014, an area of concern is the latest shipping release from Geraldton port (attached below).
According to the latest shipping release there are only 3 ships expected to arrive up 12 May. This is very unusual as GBG usually have anything between something like 5 (2/01/14) to 10 (21/1/15) ships lined up to arrive in Geraldton.
I have been following Geraldton shipping movements from February 2013 and 3 ships lined up is, from memory, the lowest on record.
Is Ansteel's requirement for GBG iron diminishing?
Now GBG might get some more ships in the next couple of days but it does need close monitoring.
GBG Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held