My dear friends s both the price they get per tonne and their break even price per tonne.
They are very vague on both counts. And have been for some time.
trending down to US$400 per tonne is based on gaining 250,000 tonnes per year. But what happens to the price of product when supply is ramped up?
Some fixed term contracts are coming off now, and they claim they are being reset at better prices per tonne. One can only hope that they can fetch an average of US$630 to $650 a tonne. Then we should see traction.
China is always a worry. What they say and then do are two different things.
Our best hope between now and August is a takeover of the company. Now is the time. I reckon someone could get it for $3.00 to $3.30.
Lets see. If managememt don't deliver from here on, it will happen.
The tide is out...., page-29
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