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My first thought, 12roses, was exactly as you say: why can't miners and tribespeople map the sensitive areas and dig round them? The article suggests that Westerners have employed the steamroller approach to tribespeople for centuries and can't let it go.
Chris2, I do believe we're all after the same thing, profit, so I won't be getting caught up in the arguing. Iron ore is holding up well considering China's slowdown, and that's good for all of us; predictions are that the price will drop a little over the coming year, but not enough to trouble our profit. I saw a 5 year prediction this morning: only $10 down on today. That'll do.
Heavy news about China's slowdown and plans to source more iron ore from Africa . . . still the price is holding over $100/tonne. I guess the day is young . . .
The 10-year price chart for iron ore (tradingecomonics.com) shows a low of around $40/tonne at the start of 2016, then a steady climb to today's approx $103/tonne. There have been several spikes, but no dips below the climbing line.
to the small investors who've had to leave this company due to the timeline stretching and stretching: i've been there and i would like to wish you the best of luck, seriously. i'm sure there are other long-term holders who can afford to hang around who would like to join me in wishing you well. maybe see you back here in a few years.
the 2nd point in the "trading update" of yesterday's miserable rns was a small bit of good news: "the company continues to negotiate offtake agreements for the company’s han**** project with interested parties (including anglo american as already announced) with indicative term sheets also received from other parties." the more big fish interested in hanc0ck, the better for us.
Nothing has changed except how long we've got to wait: my patience was stretched out to end of 2024 and is now overstretched. But damned if I'm selling.
The last RNS with all the new boarders said "gravy train" to me. And you can't have a gravy train without gravy. Red metal gravy in this case.
Yayay, yep it took me years to learn not to lean on share chatters, just in case they're getting paid. But the boards are good for quick news of an event (eg RNSs), and some posters are good enough to lay out company RNS facts for lazy types (me).
Last but not least, when a share takes off isn't it a delight to be posting and reading other people's excitement?
People get paid to lie on share chats to lift the share price. They also get paid to lie to drop the share price. Don't imagine that a post is true just because it's grim. We can lean on stated facts in the RNSs, the rest is "chat".
Reporter Jacob Brown has set out the highlights of the RNS for "Directors Talk Interviews". Every word is positive. "Competent Person Statements" are given at the end of the article (Jeremy Peters/Howard Baker/Bradley Toms). Anyone who reads the article can tell that IOCA is serious about getting the ore onto trucks.
Yes the share price drop is miserable: not everyone can wait another year for profit.
According to the Trading Economics iron ore price chart, the price has held over $100/tonne since November. Now there are stirrings of China cutting back steel production: that will lower the iron ore price, then China will lift steel production back to where it was.
My UFO profit, when it arrives eventually, is in iron ore, not in a working website.
We're off to the races if the US holds up Bitcoin this afternoon. I have read that the day after a rate rise, Bitcoin nearly always drops, but this time could be different . . .?
Even if the much-awaited rise has to wait a few more days, what the hell? It's been years already.