Hi Folks
The CC is online - everybody should listen to it so we can all be discussing the same reality .
Djingo - samscout is correct - costs have decreased, they were always going to be higher in the last quarter but now will be higher from a lower base so this quarters costs will now be lower than they would have been otherwise.
the conference call gives good detail as to realised sales price and specifically how their lump sales price is calculated and how it will be higher this quarter irrespective of how lump trades as its backwards looking by a an average of a couple of months
Freight rates are up, but all in all we should expect a strong cash addition this quarter and I sense the insurance peace is getting closer
MGX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
