Ann: GRR - Quarterly Report for 3 months ended 30 June 2017, page-12

yep "...that the problems with accessing the main ore body would result in production falling by 400-5o0t this year ..." They did announce 6 June 2017 ( a little over 6 weeks ago) that there would be a shortfall. My take is that was the late announcement of a fun fact which could credibly have been foreshadowed and advised by management way before 6 June 2017... after all, the geology has been there for a while and is no real secret...

my humble understanding is that nameplate capacity of around 2.4 -> 2.6mt pellets. Indeed, these are the volumes identified historically by management as focal points. For the 6 months to June 30 cumulative production 674kt. Following the substance of that announcement 6 June 2017 which clearly lays it out for all and sundry, "...production output for 2017 in the order of 400k-500k tonnes of iron ore...", does it mean production for the remainder of CY2017 will be another 1.8 -> 2.1mt? Big quarters ahead if half true.

didn't Tasmania endure the wettest period in Q3/CY16?

i note the STDSF is still underway. As late as February I was assured that construction of that facility had been concluded and it wouldn't be consuming $2 -> $3m per month capex. "... South Deposit Tailings Storage Facility (SDTSF) in a near completion stage, final approval being sought...." Maybe the door is still ajar for more capex ... so far around $80 ~ $90m.

AUDUSD not helpful at the moment.

pellet stock pile is remarkably low ... can't load if you don't have it. MarineTraffic data suggests no loads out July...

not many iron ore players at this end of the market trading much above cash backing if at all ...

I dunno .... can't help but think standing still watching the world go by isn't a good strategy vs grabbing a parcel of GRR...