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Do we know what the capacity of the mining operation is? Say we were told ‘I’ll take what you can give me’?
This is referring to Chinese plants.
China reduce their CO2 by off-shoring their dirty / polluting operations to another country - mostly another continent. It doesn’t mean they won’t want the supply, it just means they are not operating in China
There's u update all no real details uses time frame I look forward to updating the market in the near term.' Sugests too me that phrase could mean upto a month away 4 details of off takes no mention gold project over due on this news.
Takes time off take negotiations remember there in talks with several parties,may have wait another week or more I feel,possible may update on negotiations progressing, gold project news no is over due. I'm happy wait and buy on any dips. GLA
I dont think its possible to short AIM shares, certainly not on my platform. otherwise I'd be rich AF.
Just rustrated that 'negotiations' seem to merge into 'negotiations' with someone else without any real detail.
The sudden exit from coal has caused the price to spike way above where it should be (thermal) . Companies are taking the decision to dump it or are forced out by major influencers. Unfortunately the infrastructure is not in place to support the sudden dump therefore it will take years to slowly move away from it.
Oil will have similar problems and the price will go up in a similar way , nuclear was dumped previously and now they are looking to return to it as clean energy.
Every action has a consequence , wind power is only available when there is wind (a revelation .... I know lol ! ).
It is all about creating a balance rather than all or nothing and a rush to where the money is or going to be.
Coal has another 20 years to run at least as a back up source of power as we have just found out with the gas and wind power shortages.
This pull back of coal is for the power industry not the steel industry so it shouldn't make much difference to CGO as the potential off takers are steel manufacturers.
Bridgedogg sounds like a shorter
Ongoing Off-take negotiations have been mentioned since atleast January, the stainless steel producer was mentioned the May update.
Four weeks ago since they said they are in discussions Bridgedogg, not long ago but may seem like that. I can wait until they get it over the line .
As far as China goes with the coal retreat , yeah right , until next week , they do tend to shoot from the hip .
We've been 'in talks' with the largest stainless steel producer, who is apparently only just up the road, along with 'other parties' for 6 months. Beginning to think that this isn't going to happen. Why no updates?
Coking coal is the main resource here which as far as I'm aware is still the number 1 process for making steal.
So ill happily say I'm 100% safe with this project and the outcome of a fantastic deal.
The thermal coal side makes up 50% of the mine but what china say to the media and what they actual do in real time is 2 different things. Wiping out billions off there markets isn't sometime they will do anytime soon, they ain't that stupid lol Plus thermal coal is still used alot around the globe , not everyone has the money and infrastructure to switch to green energy yet.
Green parties can cry all they want , companies ain't going to damage there profits , it will be a very very slow switch over funded by fossil fuels !
I am sure the UK will buy it all as we have minimal electric because the wind farms are not generating enough due the still weather conditions and they are now again using coal power stations as the back up.
As I understand it there should be no impact to Coking Coal for steel plants.
The thermal coal which was a by-product here in any case may be more difficult to shift.
any thoughts on latest china news
https://www.reuters.com/business/energy/chinas-overseas-coal-power-retreat-could-wipe-out-50-bln-investment-2021-09-22/