re: Ann: Maiden Measured Resource For SA Kaol...
Looks like sell on the news, I guess ST holders were hoping for more?
Speaking with a friend who has been working in Port Headland area past year. He says they can not get the ore out of the ground and into ships fast enough for Chinese Japanese and Korean Demand. That is with World economy in go slow mode.
He aslo says that due to very high royalty costs of dealing with groups who negotiate on behalf of Native tittle holders, there is no more port or rail capacity approved or even in sight.
That makes SA with its CU, Uranium and other exploration targets growing each month more and more viable, not sure what the Native Tittle holding costs are like in SA, but no doubt interested parties are rubbing their hands.
All in all, if you are patient, or looking after your super. Taking cheap positions like this, could well pay off if Twiggy moves south.
MEP Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
