Hi sydneysider...... over the last 8 months or so there has been...

Hi sydneysider...... over the last 8 months or so there has been a few anns, that in my opinion are a bit conflicting.


Re: The oil price.

PG1 stated they sold 60 metric tonnes or 60,000 liters at ~AU$405 per mt (In their latest up-date for future sales they stated a formula, so to speak.)


PG1’s figuers...
60mt * AU$405 = $24,300
$24,300 / 60,000 = AU$00.405



PG1 stated that 60mt = ~60,000 liters

They also stated that the 60,000l was to be exported in Jul-2018! From memory the delivery was not complete at Nov-2018 and at 31-Dec-2018 they had not been paid for it?


Quote Jul-2018 - “Pearl Global Limited (Pearl) (ASXG1) is pleased to announce it has successfully completed its first fuel offtake sales through its fuel oil broker to Topmark Petroleum Products Sdn Bhd for 60 metric tonnes (MT) (or ~60,000 litres) of tyre derived fuel oil which will be exported in July 2018 at a gross price of US$300 per MT (or ~AU$ 405 per MT).”



Ann. 04-Jul-2018

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6we7yxGZsPAIke92GA==


Half yearly report an accounts 31-Dec-2018

https://hotcopper.com.au/threads/an...counts.4656773/?post_id=37601801#.XIGd-6TZWEc