Production is more important anyway, considering we have 5 year contracts in place to take a guaranteed amount of spod...
The sale dates aligning to a quarter is of little consequence in reality.
But shipping less during a period of deflated pricing to allow more to be sold once the 6 month (normally 12 month) pricing agreement has been done could prove to be a very good business decision. Anthony Tse obviously believes prices will be rising again by the middle of the year, and he has far more information on this than the likes of the poorly reseached MS and friends mob.
As for this quarter. There are so many positives like new recovery rates and new highr quality spod from across Floater Rd plus we will also see the pile of cash from Posco show this quarter, so the quarter results will not be poor. Not even close.
GXY Price at posting:
$1.97 Sentiment: Buy Disclosure: Held
