Originally posted by Carl071
Just talked to the Esperance port authority again. They advised the last shipment for gxy was the 10th of dec. I asked if gxy was still planning to ship between the 8-18march like I was told last time. I was told no, gxy is simply accumulating at this stage because there was extensive road closures etc.
Interested to here your thoughts
@Subs? Maybe you know somthing we all don’t?
@asb83 you seem to be somewhat creditable in your call that it’ll be a crappy Q1 in regards to shipping. Tis a shame you always give piss pour responses to the reason GXY is vastly shorted. But maybe you already knew gxy wasn’t shipping this quarter?
Very keen to see the auctual Q1 figures to validate what Iv been told.
btw the only reason I’m posting this is cause there’s always so much speculation, heresay and misinterpretation on this forum these days and very few actual insights.
hope somone else calls the port to confirm. Cause DYOR and this ain’t investment advise simply telling you all what iv been told.
I can only imagine how bad the cost per tonne will be this quarter when they say they are producing 40-45k and only selling a portion of it. It was terrible last quarter. Looks horrendous this quarter, IMO.
My quick calculations have Mt C running at a loss this quarter given they have hardly shipped anything (i.e. small cash inflows) yet are still saying they are on target to produce 40-45k (large cash outflows).
Are they struggling to sell it? Not being offered what they want? Or? Whatever the case, I wouldn't want to be holding this when the next quarterly is dropped on the market like a nuclear bomb.
