GBG 0.00% 2.6¢ gindalbie metals ltd

The upward trend continues, page-8

  1. 251 Posts.
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    That's good news Mole, looks like they are back on track. Glad to have you monitoring it.
    I guess ultimately shipping ore is not an exact science. There are so many factors that come into play that can disrupt a regular schedule, (such as land or sea weather, plant breakdowns, plant maintenance, labour strikes, etc...)

    So, according to my maths, in order for Karara to achieve the original expected nameplate delivery of 10 MT annually, they would need to average around 42 ship loads per quarter. Does that sound about right?
    If so, you have suggested that 32 ships are ready to go by 10/3. That means a further 21 days to ship another 10 loads for a total of 42 for the quarter....quite do-able I would've thought.

    In any case, whether it's 40 or 42 or 44 probably doesn't meant that much, so long as they continue to increase production and shipping quarter on quarter. And the price of IO is holding up very well.

    I'm interested in the next Q report to see whether the premium paid has further increased from the 7% last quarter.
 
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