RE:RE:RE:RE:My analysis for the next 12 months Yes, as per Slide 11 of Q3 2021 Financial and Operating Results Conference Call and Webcast, the buildup of inventory at Perkoa and Rosh Pinah was cleared in October. Of course, this would have fetched them a price higher than the average price for Q3.
However, in the Conference Call, Brendan Creaney, the CFO, said that the delays in shipments in Q3 were because of congestion at the Port of Abidjan and non- availability of ships at the Port of Lderitz respectively and that they continue to see a tight global shipping market, and expect this trend to continue for the remainder of the year. That is why in my analysis, I assumed only a 50% reduction in the FG inventory build-up in Q3. The actual reduction may be anywhere from 0% to 100% depending on the congestion at the Port of Abidjan and the availability of ships at the Port of Lderitz during Q4.