Monday, July 04, 2016 11:43:10 AM
Loreto left Aug 8,2011 w 36002 tons- probably millions of profits- ca 170/ton spot- 1st order to come from the higher quality veins see Aug 8 PR (not on marketwire)
the 3rd ship left June 25,2012 with 43823 tons (manifests vary somewhat but amount is irrelevant and small),just as forecast by the Nov 17 PR,which said the next ship would be 40-45k tons. Somebody else discovered the ship-its called dd -and then we tracked the ship via various public ship tracking sites-its again called dd.
4th ship was 80256 ton Ilia May 2013- left with ca 68069 tons by memory worth ca 7 million-port draft probably prevented loading more.
dd indicated based on prior info prior to Ilia there was possibly 75k tons sinter fines processed by the trommel -see PR's,or for fertilizer and an unknown amount of regular ore.
shipments 3 and 4 (ca 60 k tons total) paid for in Dec 2011- thus all the millions in new equipment--1 independent source says for 140/ton-about right- spot was ca 140 then plus premium ore.
so 134526 tons sold give or take a few 100 tons in 2011 and 2012
plus the ca 68069 tons May 2013. JV problems etc (see CWRN complaint against Geo) led to selling to new CEO ca May 2013.
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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