GREY:NDXFF - Post by User
Comment by
LaurinDEon Mar 26, 2010 2:16pm
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Post# 16929035
RE: Update
RE: Updateare you sure you understood that correctly?
the new auger (the one they actually buy and not lease) is supposed to be a custom-built machine... since they only now raised the money for it, I strongly doubt that it is already available (or will be within the next few days). The plan is, according to IR, to operate both machines during a several-month-long transition phase. So I rather think that the leased auger and not the new one will arrive any day now (if you're right, I won't complain, though!).
Moreover, the U$150/t contract is for 12 months, the other one (currently also at U$150/t) is for 3 months... - does anyone know what fraction of production goes to A and what fraction to B? - additional production can be sold on the spot market for currently much higher prices.
If they can keep dilution to a minimum, we have a winner here!
cheers - Laurin