GRRRRRRRRRRRRRRRRR ... prices and margins never been better but...

GRRRRRRRRRRRRRRRRR ... prices and margins never been better but someone has to rain on the parade! Sheesh.  Similar soggy qtr last year I think.

@miningnut ... how did you fare?  I'll have a look later.

The biggest issue IMO is that they didn't advise the market that it's production would probably be down by  30% ... technically, I think they were required... but hey, what would we have done with the info anyway?

Marine Traffic in October looks like it's going to be light.  Given inventory holdings @ September end  I expect they will need to push hard to get any volume available for shipping ... at best a real just in time qtr coming up.  I count 2 ships so far with the 2nd about to arrive.  It will be tough to get anywhere near 2.4mt + capacity for the calendar year although 3 new trucks will probably help ...

The unit sale is amusing.  No doubt Shagang or an associate is the purchaser ...  four more associates to find!

Not sure what the market will do with this news. Soggy overnight markets wont help and reminding the market that GRR management are not entirely open or predictable will not weigh very well ...  might get another bargain opportunity.

Hear ye for the 2c final dividend!  Almost guaranteed me thinks...

Have a great day