SHD 0.00% 2.7¢ sherwin iron limited

page 32 of annual report

  1. 1,092 Posts.
    Events Subsequent to the Reporting Date
    The company has received its first pre-payment for iron ore for reimbursement of costs of the bulk sample.
    The mining and crushing of high grade iron ore for the bulk sample has stablilised approximately 4,000 ton per day, the transport rate to Darwin is approximately 2,500 ton per day.
    The company has delivered circa 70,000 ton of HG iron ore fines to the port of Darwin. The first vessel loading is planned to commence on or about the 7th October 2013, it is anticipated that subsequent boats will now be every 25 days.

    This is looking good it looks like SHD has ironed out any logistic problems....

    I can't wait for the NR first shipment announcement, should head over 10 cents again.
 
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