Hi guys I got this info from my broker, as of 31st January only one 60,000 tonne shipment , February & March should have 3 (60,000 tonne) shipments each month for a total of 180,000 tonnes each month. The barging contractor's (PBS) learning curve (to maneuver the barges within the bing bong barge-pocket & offload at the ship) has been a lot steeper than anticipated ! The first shipment has left early January & ongoing barging delays mean the next shipment will leave early February. The imminent delivery to PBS of a forth barge & a third tug , plus new supervisory & operating personnel is expected to see matters improve :) so a few minor teething problems but nothing to be too concerned about. Once this is all sorted the $$$$$ will come in & realistically the SP should rise.
WDR Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held