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2.6¢ gindalbie metals ltd

This has happened in the past also. Don't think its a big issue.

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tmc19

163 Posts.

15/04/16

13:01

Post #: 17513192
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Originally posted by The Mole ↑

Latest number of ships in Geraldton port for GBG is 3.

http://www.midwestports.com.au/uploaddocs/trans/shiplist.htm

This is unusually low. Usual to have at least 7 ships lined up ahead.

In the 1292 days since shipping started on about 1 Oct 2012 till today there have been 491 shiploads (including 3 in port now). There is a ship every 2.5 days, so these ships are going to be gone in about 7.5 days. The best turnaround for a ship was 24 hours on 8 Sept 2015 ship Ecomar GO. So the systems are in place to get ships in and out quickly.

Limit is production, not transportation to docks.

The issue of the number of ships may be solved in next couple of days, but if none added in next little while, raises questions about the viability of GBG! Decision may have been made. And as usual GBG shareholders are mushrooms!

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This has happened in the past also. Don't think its a big issue.

GBG Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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