Morning all.
yep, need that IO price higher. But even if it does get a move on, the market has been reminded of the volatility, so SP improvements may be more muted than last time.
problem with divs now, is the question of their all up cost. Long road trip is expensive, so we can’t be making as much as we originally thought. Pihrana, any thoughts on our all up cost/margin to the 65% price?
those discussions & testing with BSM taking a very long time, since first reported. Even there, I expect the BSM’s will want much of the freight costs anyway in their price, as they have an even higher higher (+200km on top of our 700km) to get to their plants. So we may not see much if any better price with BSM’s.
chers,
ned.
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