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Or do you think the port has problems. Do you think more ship...

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gougou

12 Posts.

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06/03/19

12:36

Post #: 37670438
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Originally posted by The Mole: ↑

There seems to even a bigger problem with shipping from Geraldton.

Up to the 27 February they had shipped 24 ships for the quarter which is a potential 36 ships for the quarter - 2.16m tonnes - more that 8.4 tonnes for the year. We are currently running around 2.6 days per ship.

But something has suddenly happened - in the next 2 weeks it appears that only 2 ships will depart. There are only 2 lined up.

They might get some more ships in the mean time, but this is unusual.

And Mt Gibson Mines has closed down its mine in the Midwest - there is now more capacity of some 4m tonnes a year at Geraldton - don't know who is going to take it up.

I will keep you posted if there is an improvement.

KML ore prices in the order of $AUD144 at present.

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Or do you think the port has problems. Do you think more ship schedules will show up later?

GBG Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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