The revised guidance was provided on 20 November (which was actually a production guidance). If you assume that production and shipping are the same then as at that date the total ore shipped was 3.12Mt (revised guidance was 3.7 - 4.1Mt). So to get the low end of the guidance GBG had to ship 10 loads between 20 November and 31 December.
Not a hard ask.
Not surprisingly the total amount shipped for the half was 4.14Mt, exceeding guidance. Although the interesting part would be the split between magnetite and hematite.
What is that saying; under promise, over deliver.
It would be interesting to know why Ocean Libra was delayed, and leap frogged for the last week to finally be loading now.
the good, the bad and the ugly, page-4
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