Iron Ore Costs NewfNewf: "They are usually batting 1000% at missing targets and not communicating (never forget the iron ore fiasco)"
Not communicating is a gross understatement. Paul Vollant mislead the stakeholders about the iron ore debacle by presenting a somewhat rosy picture in the Earnings CC and had to be corrected by Misk who finally came clean with the fiasco in the Q&A session.
And we are still paying for the iron ore fiasco until today. Go figure
Period | Iron Ore Costs (US$) |
2020 | $0 |
2021 | $50K |
2022 | $659K |
Q1-23 | $273K |