|Wed 09:55||orgasmicbeef||Needs higher IRR than 22% IMO to entice JV partner
Iron Ore price weak on China growth and pollution worries - 100US$t
Discount Rate should be higher IMO
Work backwards from Bao owning 20-30% and see what's left.
Will clarify when DFS and Bulk Sample results out if all good. read more...|
|Tue 09:52||tuckman||Topicel, realism is the fact that the SP is what it is and yes in a lot of peoples eyes it is very low. However in my eyes my main concern is project success. If it works we will all be very well rewarded. The longer the project moves forward the more value it will achieve. IMO the DFS figures will look much better than the PFS and therefore put us in a better bargaining position.
So that is... read more...|
|Wed 10:28||truthteller3||They're defying the laws of physics over there on the dull boys' thread.
They're running around frantically in circles and yet they're ending up on a lower level!
Any quantum physicists reading this? Thought not.... LOL read more...|
|Wed 09:54||truthteller3||Is this the funniest prediction of the day so far?
5 Mar'14 - 07:08 - 54687 of 54722 0 1
RNS. Excellent results. Good timing. Break that 12p then 14p then 17p."
2222 predictions in a row he now gets wrong.... LOL LOL LOL read more...|
|Wed 09:13||truthteller3||Pretty dismal response so far to a pretty dismal report.
I see that Team Ramper is getting desperate. At first they had the usual rather disreputable lot of prophets who looked as if they were going to be successful and got the SP up to 55p, but for one day only. Then the next lot came on and with a great deal of effort (and fibbing) managed to get the SP to 33p, but for one day only.
Now... read more...|
|Wed 08:21||bones698||Thought it would go down funding always is an issue no matter how good the prospect . Balance sheet looks quite bad tbh . read more...|
|Tue 14:29||orgasmicbeef||Hi HB and Kev
Like you HB a more modest holder, still. Agree with you on questions. Bulk test should be 500 mts min probably more? That will be the turning point, but still some time to go imo. Will jump in again once the new numbers published as NPV not great with ERP and Moz CD Spreads on the RFR. Using page 12 numbers of recent BAO pressie.
Glad you're still odd and vaguely black... read more...|
|Mon 11:26||tuckman||Cheers orgasmicbeef, my knowledge of the sea is very basic but I guess you can learn something everyday!!!
Thanks bulldog30, with that difference in time and therefore cost it would make no sense for them to ship from Brazil if they can get it from down the road in Moz. I guess the final analysis from the pilot test results could pave the way for a nice little offtake agreement should all be... read more...|
|1 Mar 2014||seanywauny||Taken from:-http://www.steelonthenet.com/production.html'Africa and the Middle EastSteel production in Africa and the Middle East accounted for 2.6% of the world total. African production rose by 4.6% to 16 million tonnes in 2013, while in the Middle East it rose by 6.8% to 26.3 million tonnes. Iran was the largest producer in the region with production increasing by 6.6% to 15.4 million... read more...|
|28 Feb 2014||tuckman||Sorry folks seller is still there. Someone is selling 850k at 11.25. Whoever they have been or are, they are still offloading. Until they are cleared out we will hang at the price they choose unless we get volume of a couple of mill plus to take them out.
IMO we will be getting news in March that will give us that volume, the start of newsflow running all the way through to Q4 this year. By... read more...|