RE: RE: RE: Jan 31 trades The production numbers aren't bad, but not as good as Q3.
The main thing is they need to get closer to the "market" price for the concentrates. Last year they were still filling prebought order from customers who'd advance them money on future production at low pre-2011 prices. This was at a time when Leahy was touting the fact that prices were due to rise and forcasting current market conditions. These order are clearing the books this year and should result in much higher margins. If they can maintain current production levels and prices do not fall from current level (hopefully even increasing - the recent WTO ruling against China on metal prices/export restrictions did not touch on Tungsen quota restrictions for instance) then we should see positive earnings finally.
The investment in TDI was clearly ill advised. That kind of practice at least should be now behind them.... if it isn't then maybe its time to change management. NATUF trades in the US under SEC rules and govern the conduct of company officers and board members. Martha Stewart investment living.... LOL...
We'll see how they do in Q1....
PS:
from FERROALLOYNET.com
Fri, 29 Jul 2011 06:26:00 GMT
Item Spec. Price Unit Basis Ferro tungsten (Rotterdam) 75%w 46.9-48 $/kg with out tax
https://www.ferroalloynet.com/price /chinese_ferro_tungsten ...
vs current pricing shown as:
Thu, 02 Feb 2012 00:49:00 GMT
Item Spec. Price Unit Basis Ferro tungsten (Rotterdam) 75%w 53-54 $/kg FOB China
https://www.ferroalloynet.com/price /chinese_ferro_tungsten ...
for concentrates.....