Management reports are wishy washy. Look at the last update pricing paragraph wording. It lacks intelligence and expects the audience to have limited intelligence too.
• Pricing for Q1 2019 is close to completion (subject to final shipping schedules).
So close to completion means not completed right and the reason is because of shipping schedules. Okay that is understandable.
Then immediately following is:
• Expected Q1 2019 weighted average graphite price achieved is US$460 - US$470 per tonne (CIF)versus the guidance range of US$500 - US$600 per tonne with difference mainly due to: (final vessel scheduling BS).
A very accurate graphite pricing range for Q1 2019. I mean why even bother to mention pricing "is close to completetion" and just state the second line of expected range.Stupid shite.
Ann: Q1 2019 Interim Update, page-97
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