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" A number of proposals on the table, which are under review "
Let's hope all will be revealed soon :-)
Ha napth you forced me to relisten
So ive had a re listen and imo they have split the licence up as they sre in discussion with 2-3 surrounding jv partners and this will allow things to move quickly as part of the deal.
I expect a iron ore jv to be announced this week, could be next but i expect this week
https://youtu.be/9u5DyNaRKOo?si=P6o0blUUco2b47tb
As long as it keeps above $100 per tonne Cj we should be relatively happy,lets just say now we have the licence over the next couple of months things should start happening and that share price, should start moving North.
Prices for iron ore cargoes with a 62% iron ore content rebounded to $118 per tonne in May, the highest March, as increasing demand was met with uncertain supply. Fortescue noted that shipments for the year should be at the lower range of its guidance due to problems in key mines, limiting supply out of Australia. This coincided with robust global demand, as the latest data showed that Chinese steel exports surged by over 25% from the previous year in March to nearly 10 million tonnes, the highest since 2016. This was magnified by growth in foreign new orders for manufactured goods according to April’s official and private PMIs. Still, persistent concerns over the country’s property sector capped iron ore’s rebound. Beijing relaxed home purchase restrictions for the first time in 13 years to stimulate home buying, mirrored by the previously robust Chengdu market. While the changes may support properties in the near term, the increasingly desperate measures highlight consumer weakness.
https://tradingeconomics.com/commodity/iron-ore
This one is a cert in the 3.30 on Monday it called plum.
Nothing will catch it it’s only carrying a stone. 😂😂😂😂😂
944T
Cj haha lol
And you are here with us???
You can lead a horse to water etc .......
Goes a long way to explain why you older guys are still here, chasing a dream profit.
Punchestown 5:25 good outsider about 25/1 DEE CAPO e/w claims
I think Lucky Legs in the 3:30 at Doncaster looke every bit as good a long shot!!
Hope the Parmo chef guy up in the north east isn't too devastated by the current price. We seem to have lost a few good & hopeful folk along the way.
If you have sometime to spare this weekend, take a look at De Grey. Looks excellent and not suffering the Lassonde curve orphan period. PI's on Hotcopper are all over it.
yeah not against in house . but do we trust the management so far to not **** up in house solo attempt. am not filled with confidence perhaps a jv with miner lowers the risk here overall. end of day we went profit on the balance sheet
@Smiller for me its about getting into production with the least risk and the most upside we can generate over the first 2 years of the Hank project.. this gives us a chance at consolidation of the company finances and a way forward to bigger and better things..
I would be happy with JVs all over the portfolio if it meant growing the company to be much larger.. but i would like to see Hanc0ck remain "in house" until we can see the true value of the rest of the tenement..
Norm I also like the AA deal if we don't get completely bend over with the terms. Also bigger picture if you build up that business relationship they might want a look at munni munni for PGM
Right! ( I think ) Thought they'd already had $10bn, last month from shorting the Mag 7. Expecting rinse & repeat then?
5x5 NDX TP 16000 unless close above 50ma. My SL is @BE @50ma if it dont go to plan today. ill pick another spot if stopped out.
reason APPL gap filled, NDX rejects 50ma & retest of breakdown. The last MSFT gap fill had massive down day after. DYOR
What are you expecting annoyingdevil, short term correction or a crash?
@AJ its a bit more complex than price alone.. there are a large number of costs involved.. too many to list also UFO are not really in a strong financial position to negotiate too hard with anyone, as we need the Capex to get the mine up and running.
All that said its not impossible to deal with the end customers, but for my money I would really want a "stable" Minimum 2 year hedged price and a trusted partner who has good finances and would survive any market fluctuations. So you might be giving away some of the potential profits to insure against many of the downsides.
You also have to take into account the benefit of dealing with a "western friendly" company.. I am not Anti- Chinese per se .. but i would rather deal with AA than an "actor" run by a communist state.
There is also the potential benefit that the Ore might not need to be shipped - perhaps we screen and dump it just up the road into AA's yard for blending ?
There are so many possible outcomes.. but the AA deal still looks to be a good one to me .
Been waiting for this day for a couple weeks now. I recon theres a massive Short on for the US markets.
Normbeef.. Yes I agree we have a quality product that is wanted, But at what price, surly we want to sell our ore to the end user not the competition, so they can make what should be our additional profit!!
Or is that how it works in mining , I know when I was in business, the last thing I did was help my competitors at my companies expense. If I could sell all my production at full price why sell to a middle man, at a reduced price!!!
AJ .. quite often miners will want Higher grade Ore to "mix" with their own lower grade Ore to bring up the value .. Our product is High 50 - 65% in purity..
So Miners will take all we can give them.. tbh its the one thing that I never questioned here .. we can sell more than we can mine that is for sure
Alien Metals enters into JV with Errawarra in the West Pilbara
https://twitter.com/Directors Talk/status/1786393793182458302
I know this is all speculation, but one thing that i cannot get out of my head, regarding the AA agreement, they are a miner like we hope to be, not an end user, so they would want to make a profit on the ore they sell on, so my thought is What is that margin, and what will that leave us with? None of us know that answer but , I for one would love to know!!!
Yep and i think that split on licence is the key to that