GBG 0.00% 2.6¢ gindalbie metals ltd

High Grade iron ore, page-19

  1. 723 Posts.
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    Nice to see the price of 66% grade magnetite increase but less the said about the pedestrian shipping by KML the better.
    So poor has been the exports from Geraldton that for the month of July only 9 ships departed. At this rate it will be around 27 ships for the quarter, which is the lowest number ever for a Sept quarter.
    When prices are going our way, what's the problem with KML that it can't get ore out the door.
    The average time between ships and departing is 82 hours,
    This is extremely poor when they can a ship around in 24 hours.
    I have contacted management of GBG but they seem not to care at all because KML has no value in their eyes.
 
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