key takeaways.....
- phase two (upgraded plant) and phase three to produce ~500kt pa, up from previously mentioned 400kt.... This appears to be where the most recent price increase is going towards enabling... they mentioned previously throughput increase.... this now has a measurable target.... another 100kt at the targeted $30/t margin would be another $3m per annum...
- sounds like all plant required to be onsite by dec 2018 (my take anyway).... hopefully commissioning (if based off phase two) should be early 2019... the summary says H1 2019.... however, under the events subsequent to period ended commented on Q1: "A recently completed review of the business focused on how best to accelerate and de-risk the timelines and costs associated for the project to be commissioned in Q1 2019."
- Magna were given $500k of shares, which post consolidation is 2.380 million shares.... they are not in top 20, with number 20 holding 1.682m.... so they've sold off plenty already...
-Euroz Securities Limited founder, Peter John Diamond, is now number 2 shareholder via his company, Crazy Diamond Pty Ltd.... with the lazy 8 million shares.... I assume he bought in the last raise with FS....wasn't in the last top 20 or ever mentioned by
@Timtator some time back.....Definitely encouraging.... albeit he has cash to throw around....pretty easy to find info on him...
https://www.copyright link/markets/...or-euroz-founder-peter-diamond-20130915-j0eao
https://thewest.com.au/news/wa/diamonds-legacy-to-shine-on-ng-ya-355916
- Global Minore Pte Ltd is a new top 20 at no 17.... a quick google has found them, which is fairly interesting:
"
GLOBAL MINORE PTE LTD is a Company incorporated in Singapore and engaged in trading of commodities critical to steel making having a strong presence across countries including China, India, Singapore and South Africa.
Through a wide network of partners and associates, we strive to deliver products, processes and services catering to the needs of a wide range of customers. We stand committed to fulfill the demands of both domestic and overseas markets. "
http://www.globalminore.com/
- Other than that, I think the company may have been replying to Rocket....as i've never seen them put as much info out about the domestic iron ore market in India within which they operate and sell.... It was good to read...
i think we all know about the negatives unfortunately...
