Saturday, July 04, 2015 6:05:36 AM
couldnt get a better chart to appear but there is nothing in the historical record to indicate price could've dropped more than ca 10/ton during the usual ca 22 day transit time.
Is Brad saying he paid Bob for the Ilia ore- something I've never heard of- I've understood the lawsuit against port was not won until AFTER Bob sold- otherwise Bob would not have had to sell for financial reasons.
And you're saying Brad paid Bob for Ilia ore- this violates everything i understand- Ilia contract could not even be made until port lawsuit was won- AFTER Bob sold-
and at a price set at time of sailing- and that Brad got paid by Bao at a price extant when Ilia landed in China??/
because that would violate everything I've heard or understand and common sense.
I'm well aware co's often AVERAGE price at time of sailing and landing- but such differential as per historical sources could not have been much more than 10/ton.
We all know Chinese are very exacting and from what we've seen before in pics and dd test ore at dock before ship even sails- so ore percentages should've been known to both parties BEFORE sailing- this is also common sense. Seller will not trust buyer to set % in China. So ore % would be known by both parties before sailing.
So difference should've not been much more than 10/ton.
Price didnt reach below 100 for some time and 80 for a LONG time after Ilia landed as per historical sources.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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