Well it's both a significant day for Aust' & Indo'
AFL grand final day & 30 Sept' Movement
But I think it refers to..
Highlights:
• Signed Binding Land Lease Agreement for Kupang Smelting Hub Facility at Bolok Industrial Estate - directly adjacent to the Government-owned Power Station and about five kilometres from the main Tenau port.
• A$9 million capital raising completed with sophisticated investors subscribing to raise an additional A$3 million by end of September 2017
• Construction activities underway at Kupang Smelting Hub site – site clearance completed and construction power connected from adjacent Government owned power station
• Final payment to Transalloys for purchase of first two smelters complete – refurbishment of smelters underway in South Africa - final inspection and shipment Kupang site expected Q4
So 30 September means the next 6 weeks is still an opportunity to accumulate before the impact of $3m extra in the bank and the Q4 delivery of the two smelters, from that point it's all systems go and there's already stockpiles of manganese ore waiting to be delivered, ready to go as direct smelter feed.
Take this guy, he's sitting on 90,000 tonnes a year of manganese ore and does it all wearing open toe sandels
The bagging station..
GMC Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
