RWD has a new CEO !, page-23

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sevo

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03/12/17

09:36

Post #: 29324228
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Originally posted by unrewarded ↑

Anything is possible sevo, but given the Uranium One deal would seem to have not turned out to be what Mitsui had envisaged, a second drink from the Cochrane well may be has hard for them to swallow as dealing with The Fuhrer.
With regard to the salt shipping logistics.
Onslow produces 2.7mtpa & the ship capacity of the port is 55,000t ... so a quick calc shows around 1 ship per week.
Now I don't profess to know how long it takes to load 55,000t of salt onto a ship .... but I guess I could find out if I could be bothered .... maybe their is excess capacity at their ports ? .... I don't know, but the fact is that a good % of the exported salt is for human consumption in Japan .... apparently they consume around 70kg per person pa, & they value the Australian salt for it's purity.
So it would be a stretch to think that Mitsui would endanger that market by allowing the mechanisms for shipping their 'pure' product to be alternately used to ship someone else's fertilizer.

With regard to the size of the world market, if we are to believe that there will soon be 2, 3, 4 new Australian producers, as well as an Eritrean producer & who knows where else in the near future, the current margins may find themselves in a similar situation as MOP ..... so instead of a $300, $400, $500pt margin at todays price, it might be $100pt or less, which would make RWD a $40mpa EBIT business ...... way too small for Mitsui ....

Anyway, the point is that this continual dreaming of what might be is the result of management squandering the head start that RWD enjoyed for years. A BFS several years ago (when it was due) would have made it a lot harder for most of the now more highly valued competitors to even get a start.
Instead of feeding their 'dream time' mentality, shareholders should be demanding real progress & communication ... constantly ...
Clearly, what we have been putting up with for years has made RWD the laughing stock of the yet to be born industry.

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With respect to the Uranium One JV I would think the fall in Uranium price together with Fukushima would be more significant than any dealing with the new CEO at RWD.

As for purity I am suggesting that a vessel that carries sodium chloride, which is likely to be a low concentration contaminant of SOP anyway, would be far better than a vessel that ship coal or iron ore. I have no idea how vessels are cleaned in between loads and I have no idea if the vessels shipping the salt are used only for this purpose.

RWD Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
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RWD has a new CEO !, page-23

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