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S12 it would nice to know how much road and smelter costs are if we get that far.
I remember AMC entering into a MOU with https://www.aerosproject.com/ as a means of getting the ore out quicker and cheaper but that may be just a lot of hot air .. :-)
Added costs.. It cost approx $1M for every KM of road built..
AMC do not have a Smelter, to buy one costs +$50M, to use another Smelter you must factor in the transport costs plus you will lose approx 50% of your metals in costs..
AMC was always going to be sold off and back in the day we were guessing on a China/Russian deal.
You didnt go because you couldnt be arsed but you can be arsed to ***** n moan about it on a BB. RY was asked plenty of questions at the AGM and answered them all. Probably not the answers some would like but he was there to answer them.
Asking stupid questions on a BB knowing full well that you wont get an answer is just stupid.
Most of us invested know the Capex is huge it just seems to be the ones that didnt do any research into AMC have been strung along and they are the ones who are crying everyday on a BB but cannot be arsed to go to an AGM.
I would call it steadily rising until Feb this year then it took off, and btw im not ****ed as one of the few i made money out of EDL then played with their money for a few years.
If you think a placing was a positive when they cannot hit any targets then im afraid you are a fool..
The price of coal is irrelevant if you cannot sell it in any large quantities and time n time again they have not reached any target they have set.
Mystery Buyers, Mystery Investors, Mystery targets and its a Mystery how this company is still going.
Now read sausages post it just about sums up this company... have a good weekend all..
"Not what the chart shows. Coal didn't break $100 til May last year then jumped to $400 in doublequick time?"
You need to get a new chart 3 years ago Coal was bouncing around $60 and touched $50, so Yes last few years coal as been rising steadily unlike the share price which with dilution as been going in the opposite direction..
The price of coal as been rising steadily for the last few years and to date EDL have not been able to take advantage of it.
The fabled 10,000 tonnes per month as never materialised and they have mystery buyers come out of their ears.
Im not sure if they are selling coal by the Ton or by the lump.
Until they actually start selling it to named buyers and give accurate monthly figures then im afraid investors will continue to stay away.