GBG 0.00% 2.6¢ gindalbie metals ltd

Aussie $ Impact, page-6

  1. 251 Posts.
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    I was just flicking thru some iron ore reading of a newsletter (PLATTS SBB STEEL DAILY):
    The newsletter is dated Sept 1, 2016

    As you can see, even back in September, the 65% Fe CFR is achieving a premium of almost $10 over the standard IODEX 62% Fe benchmark price.
    GBG announced in the last quarterly report (July-Sept) that iron ore sales generated a measly US$0.73 as a premium.  The only difference i can make out is that Karara posts on a WMT basis and the chart below uses a Dry Metric Tonne.  Not sure what the difference is.
    Someone is obviously playing us shareholders...or is there a simple explanation??

    upload_2017-1-6_16-9-38.png
 
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Currently unlisted public company.

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