GBG 0.00% 2.6¢ gindalbie metals ltd

new low, page-13

  1. 723 Posts.
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    There is some positive news though, KML seems to be getting their act together on exports - this week they have had a 23 hour turnaround on a ship with loading time of 22 hours. The lowest in 870 shiploads since starting exports in Oct 2012.
    KML might (and I stress might) export 8.2m tonnes this year.

    KML costs from Dec 2016 to June 2018 were $AUD150m per quarter irrespective of export quantities, however Sept and Dec qrtr costs jumped to $AUD166m and $AUD178m.

    I think this extra money was spent on maintenance or plant/equipment upgrades, but as we are mushrooms and kept in the dark this may be a guess. Will wait for March qrtr report to see.
 
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