Member Info for allthatguff

1st rule of society, look after your orphans.

Jittery? About what lol? This company is going great guns.

What advice? None was given.

? English?

Sell before the coup?

and another

https://au.finance.yahoo.com/news/australia-china-iron-ore-011623594.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHpedARtMSy3-nbCS8LO33EAOihexq1k7m5hyNKVIuNHk_N2uXwA371hvpfai695ajaAO-JaMlNhmaCODoVVSXTPlBi9HarENih_NILuzlAfDcN_9M3GlkLXO4mWYe10bAhW4od990AhuHIB9Pd4rjPRFGnicwZBjfmSyPNcv8s5
What would happen if China stopped buying Australian iron ore?
Jessica Yun

Fri, 4 December 2020

"“Also, it is not always easy to find high-quality iron ore. China is exploring other iron ore markets like Africa but it will take time.”

But UNSW Professor of Practice in Economics Tim Harcourt doesn’t think it’s likely that China will turn to other countries for this commodity – it’s just politics."

Blah blah I say. These people vastly underestimate China's resolve and long term vison and keen idea of who there friends are (and not|). Plus the ignorance of Zanaga's existence and comms with China.

Journalists always go on about Simandou blah blah, not a 'Pilbara killer' blah blah

Zanaga alone could do 100m tpa and it is only has a half explored resource.

Latest article today of this genre..

https://www.afr.com/companies/mining/why-china-can-t-grow-without-australian-iron-ore-20201204-p56knl

Why China can't grow without Australian iron ore
Dec 5, 2020 – 12.00am

""Even if China could secure all the available non-Australian seaborne ore, including distant producers such as Sweden, Canada, Russia and Ukraine, it would still need to develop an additional 300 million tonnes of supply to meet its needs and completely replace Australia as an iron ore supplier by 2030,'' he says."

Blah blah I say.

Simandou plus Zanaga and then Australia will have serious problems..

Why would China not bag Zanaga now, we are in the thick of it with COIDIC.

BIG NEWS COMING??

I did wonder about that yesterday. In days past AT would have trumpeted 7 year iron price high on twitter. But silence now..
Has he given up on twitter or are they actually in serious discussions? Jusat guessing as we have mothing to go on.

I was also having a dig at Glasenberg, sacred cows on green fields..

"CEO Ivan Glasenberg has in the past said the company is not interested in greenfield projects requiring investment of multiple billions of dollars and blamed the iron ore majors’ strategy for the collapse in the price."

https://www.mining.com/glencore-wants-to-develop-guinean-projects-quickly-80749/

Sacred cows grazing on green fields?

Hate to be out over the weekend

Lol :)

Yup, the success probability gets another boost..

Iron ore price & demand
Covid vaccines
China - Australia rift
Glencore new CEO

Desperation and Panic lol

By 30% dilution for Alpala financing and 10% for regional drilling? lol

Well, the probability for a Zioc success certainly has gone up of late (admittedly from certain low base)..
Iron ore price & demand
Covid vaccines
China - Australia rift

Only fair the sp should reflect this. Mcap still a lowly 20m currently. Fair price, 10p ish? Would not be excessive.

Could easily be sell on the news after early rise? The sp so messed up most of the time behaviour wise.

.. a slight ramping down in previous high enthusiasm for Porvenir in this RNS?

"Encouragingly, the results continue to demonstrate the size and complexity of the Cacharposa system and further drilling will increasingly define the geometry and dimensions of the Cacharposa system. "

Or is it just me?

Hard to deliver anything when majority partner is a disinterested ball and chain.
I blame Glasenberg.

Use it or sell it Glencore.

Good point, we tend to forget about COIDIC, this has been so long and drawn out. Interesting times regarding China..

A shame, somebody needs to invent some kind of global communication system.

Anyway, Glencore is the real driver here. They can meet here, there and everywhere. Don't buy this argument.