OTCPK:NNDIF - Post by User
Comment by
schocoron Jul 12, 2022 6:56pm
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Post# 34819372
RE:2nd Quarter
RE:2nd QuarterAgree it should be a good quarter. I am going to be looking at their recovery % and their production; there were some plant issues in Feb of 2022 that really impacted the Q1 numbers.
The old contract ended in May.
So, I think April should be at spot (fall back), May should be at new contract rates (I assume it was backdated), June shoudl be at new contract rates. This will give us a good idea of what the next few quarter hold; I predict Oct - March will be gangbusters.
I hope you are right about the hedging this quarter; I still do not have my head wrapped around that one.
Fingers crossed we are on the path to a higher recovery (little joke there if you get it).