Member Info for Hartlepoolbob

No loan repayments bye until March next year and that’s would be on the first tranche of the drawdown. The second drawdown was in the June I think.... we still have options not to commence payments that soo. I understand

The first ore into the crusher was 18 dec. I don’t know when the higher grade became feedstock for the existing concentration plant.. does anyone?

I’ve never seen anywhere that we are at 20 tonnes a month Kevin

I think that was the basis of my question a few weeks back Jaf. The plan was that jig would be contributing in February. Still, he took the opportunity yesterday to state we are ok for cash... Kevin, the plan was 20 tons a month from the new crusher which would match your numbers, but we’ve yet to see confirmation of that to date mate.

Wonder if I dare plant a plant a packet of seeds

Time to plant out onions, shallots and tattie sets

Dead right bobtree , we are nearly three months behind the original construction and commissioning schedule, not two.
The upgrade on the national grid power supply that we were told wasn’t necessary (you were there) is now taking place this quarter! The steelwork (which came in well under budget reported last summer) still ain’t all on site.. like i keep saying I’m in and going nowhere.. but sloppy project management is sloppy project management no matter how you shake a stick at it.. as far so many people claiming great experiences in project management. Who are you talking about? The chairman said this project would would be ran on a “just in time” environment.. that is not the case.. the company provided the mine production plan with the vendors. Metso came in on time, not a fictional line in the sand

Not many companies could be so accurately consistent as two delay two consecutive construction projects with the same level of delays.. the sp is where it is today because of allmineral..
Now that said Micheal is no saint, but we are still well on track to be the biggest and cheapest tungsten producer in the western world in a market that looks very very most incredibly super in the medium to long term. As for the gold, well girls and boys, it could make many of us millionaires long before we expected it..
6 or seven more weeks of boredom!
Micheal, turn the bloody camera back on and get the construction squad working weekends and double shifts..

Global tungsten markets returning to growth
By Trevor Hoey. Published at Apr 16, 2019, in Features

It has been tungsten’s turn to top the news flow in the last week with Reuters reporting important developments in relation to ASX listed group’s Apollo Minerals Ltd (ASX:AON) and King Island Scheelite Ltd (ASX:KIS).

There have also been some strong share price performances outside those two companies since March with shares in Specialty Metals International Ltd (ASX:SEI) increasing 50% in March.

Granted, rampaging iron ore and oil prices have recently dominated global headlines, but this strategic commodity with very little potential substitution has been out of the news for some 12 months, arguably adding prominence to recent events.

Roskill, a notable industry source in terms of analysing specialty metals noted last year that global tungsten markets were returning to growth following several years of oversupply and low prices.

Supply issues for world’s largest consumer

In a 10 year outlook statement, Roskill said, “Tungsten market fundamentals have changed as demand from defence, industrial, and oil and gas applications has picked up, just as environmental policies in China have curbed supply and added cost pressures for producers.”

The issue of supply is potentially a long-term price driver as China is the largest producer of tungsten globally, accounting for more than 80% of supply of tungsten concentrates in 2017.

A tightening in environmental restrictions has impacted the supply of many metals mined in China, with coal being severely impacted in recent years due to both environmental and mine safety issues.

Roskill reported that China’s Ministry of Ecology and Environment had flagged a second round of central environmental inspections across all provinces within the next three years, an initiative that could result in either mine closures or the instigation of compliance demands that would result in increased costs of production.

This could potentially render some mines uneconomical, prompting the need for the manufacturing giant to source tungsten from overseas producers.

Such a scenario where supply is constrained and demand increases should theoretically drive up prices.

Shining the spotlight on three ASX listed tungsten plays, it certainly appears that these stocks could be in the early stages of a recovery, and indeed in some cases recent developments have been transformational.

Apollo Minerals to recommence high-grade Salau mine

Reuters reported that shares in metals miner Apollo Minerals rose as much as 40% to 14 cents on Monday, representing its best day in more than two years.

This came on the back of the company receiving approval to reinstall mine services at its high-grade Salau tungsten mine in France.

Management has already shortlisted preferred drilling contractors for the initial underground drilling program at Salau designed to confirm known zones of tungsten mineralisation a

The 6.4% expansion in China’s economy during the first quarter was the second straight at that level but remained below 2018’s 6.6% full-year rate, according to official data released Wednesday. The pace was slightly higher than what many economists expected and appeared buoyed by a powerful rebound in some key drivers. Industrial production, after a lackluster start to the year, surged 8.5% in March from a year earlier. Retail sales for the quarter were stronger than expected along with property investment.

While China’s economy has been on a slow downtrend this past decade—weighed down by debt and excess capacity—a sharper-than-expected slowdown hit last year, exacerbated by severe trade tensions with the U.S. The government now appears to be stepping up work to arrest the slide. Many economists prepared for a weaker first-quarter performance, and the year’s nadir, on belief that stable activity in consumer and services sectors would be offset by sluggish investment in fixed assets, such as factories and bridges.

It’s around ten percent of the tungsten output anubus as I understand it. Maybe slightly more ? Anyhow it’s a significant part of the mine economics

Whereubeen?? Scout camp??

:-))

Not you Jaf dear, strider is a double decker

Three buses turn up

It’s been a bloody long haul flight and were still on the apron. That’s my two Penneth

Keep a green tree in your heart and perhaps the singing bird will come. ~ Sufi Saying

Come on the Mighty Wres

Beat it senseless with a big club .. goodbye mr point fives of a smelly penny

Totally utterly Smash it we wiil