Shipment information, page-37

First 37 Last

Share
Profile

Follow
Henry Walton

416 Posts.

731

14/01/19

16:39

Post #: 37109885
Share

Originally posted by luanboo ↑

Thanks Henry for the great find and inform us immediately.

The ship is unnamed (which is unusual). Might be port/berth is getting tight and they simply rushing to book the port/berth while awaiting for ship booking to be finalised. I see 2 possibilities

1. In my own estimation, Burwill only have upto mid Feb 2019 (and it will be Chinese New Year period starting early-end Feb) before they breach the offtake agreement and they clearly do not want to lose their hard-earned partnership and great quality supply, even though their converter plants might be delayed and might not urgently need our products. If this is the case, it shows Burwill probably struggling a bit with their JV plants ignition/commissioning, and probably unwillingly giving up their exclusive first right of refusal to just stay in the game (pays penalty for late acceptance and avoid breaching the agreement). Good chance for AMAL to take on the 2nd/3rd offtaker and start derisking our sole offtaker risk.

2.It could also be possible that the end Jan shipment is for the new offtaker. AMAL could be rushing to block the port/berth so that they could get the 1st shipment to the offtaker before signing/announcing the new offtake, for maximum impact of the announcement. They could be ready to announce today, or there could still be a slight extension to dot the Is and cross the Ts.

Whatever it is, very happy that shipment (ie revenue) is starting to move again. Nothing else matter for long term fundamental investors, as long as the company continue to produce good quality products and continue to produce revenue/profits/cashflow. I can wait. They will announce when they are ready to.

Expand

Great point if this TH is for a new customer who want product ASAP got to book that space out quickly, can't be waiting on whatever final lawyer work is holding up the renouncement.

A40 Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

WC8

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

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

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

SIG

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

DUI

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

BTH

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

GRL

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

LPE

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

There are more pages in this discussion • 195 more messages in this thread...

First 37 Last

Add A40 (ASX) to my watchlist

Shipment information, page-37

Top Stories

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

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

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

Scientific conference spotlights PYC's work on blindness disease treatment

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

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

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

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

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

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