IMO RGL First vessel should complete loading shortly and depart...

IMO RGL First vessel should complete loading shortly and depart Port Latta this afternoon. That will be 10 ship loads for Q4 and 18 vessels for half-year to 31 Dec 2019 versus 12 shipments in 1HY2019 and 14 and 19 shipments for previous half year periods. With one vessel rounding WA to cross The Bight albeit I'm not confident it will arrive and complete loading before 31 Dec 2019 year end balance date.

Suggest one of the significant and key issues for GRR with the annual production capacity uplift in FY2020 may be a possible renegotiation / extension of the Off-take agreement (presently 1 million mt p.a.) that currently expires end of FY2022.

I'm expecting and assuming GRR will become a consistently greater than A$350 million annual revenue company. GRR with high FE magnetite pellets therefore with potentially higher reserves / resources following FY19 drilling, opex and results of feasibility could extend mine life the ongoing future cash generation and profitability prospects appear optimistic. DYOR