Which raise the interesting question - assuming they are close to having enough ore for another ship in the 55-60kt range, do they try and get the ship away as soon as possible?
A 55-60kt ship leaving at the end of November is consistent with at or above 20kt of production/mth. If they got a 60kt ship away before the end of November, production has clearly improved beyond 20kt/mth. If shipping prices are falling, the sooner its shipped, the higher the likely CIF/FoB adjustment.
If they decide to defer the next ship into December, releasing some solid production volume information is basically essential. None of this "over 20,000" stuff, because the default position a skeptical market would take is that achieving name plate production is going to be very difficult and they are yet to even hit 20kt/mth.
Which raise the interesting question - assuming they are close...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.43M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.5¢ | $21.94K | 100.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2779 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 62609 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| E25 (ASX) Chart |