all the above only matters if their outgoings are less than...

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albalad

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10/09/18

22:45

Post #: 35507963
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Originally posted by maradyne ↑

Iron ore prices are still climbing

DAVID SCUTT
SEP 10, 2018, 7:32 AM

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https://edge.alluremedia.com.au/uploads/*/2018/03/dots.jpgJEFF PACHOUD/AFP/Getty Images

Iron ore spot markets pushed higher again on Friday, adding to strong gains seen earlier in the week.

Chinese rebar inventories fell last week while utilisation rates of blast furnaces at steel mills hit the highest level since mid July.

Chinese iron ore imports were relatively unchanged in August compared to the levels of July.

Iron ore spot markets continued to push higher on Friday, adding to gains seen earlier in the week.
Firmer steel prices once again helped to bolster sentiment.
According to Metal Bulletin, the spot price for benchmark 62% fines rose 0.1% to $68.48 a tonne, leaving it at the highest level since August 13.
It’s now risen in each of the past four sessions, adding 3.7% in the process.
https://edge.alluremedia.com.au/uploads/*/2018/09/MBIOI-62-Sept-10-2018.jpg
Like the benchmark, higher grades also inched higher with the price for 65% fines lifting 0.5% to $96.40 a tonne.
After soaring a session earlier, the price for 58% fines was unchanged at $38.64 a tonne.
The continued gains in mid and higher grades followed earlier strength in Chinese rebar futures traded in Shanghai.

65 % grade hits $96.40 when AUD is sitting around the 71 cent mark

Means Karara receiving in the vicinity of $$$$ 135.73 AUD

QUITE GOOD CONSIDERING MARKET FLAT AND OVER SUPPLIED !

And yes Mole still not good enough but a hell of alot better than earlier years -)-)-)

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all the above only matters if their outgoings are less than earnings. We don't know this because the board of Karara chooses not to disclose it in plain language - or any other language for that matter!
GBG Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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all the above only matters if their outgoings are less than...

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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