Either way. Its disappointing to see this sell down from around...

First 58 Last

Share
Profile

Follow
rideronthestorm

1,423 Posts.

2

23/01/15

10:30

Post #: 14628755
Share

Originally posted by mustpow ↑

The reality is none of these novice tungsten companies are big earners and I don't think even the big tungsten companies are big earners.

According to the announcements of the old management they managed their buying risk with formula pricing. We will never know what that means in this non transparent rare earth world. There is no hedge in these types of commodities. How do you hedge a few thousand tonnes of product when the Chinese can just dump. No risk management method would work when the price is in free fall like the last year. How would a board with two accountants and a geologist make such a thing work is a mystery to me. Plus there was never enough cash on the balance sheet to make a difference. The best looking risk management efforts would be ineffective without the financial clout to negotiate good deals with the suppliers. Plus the trader owns them.

Now can a mining consultant, an accountant and a west perth lawyer change the fundamental nature of this. Only cash can change this and pray for a tungsten price turnaround.

Expand

Either way. Its disappointing to see this sell down from around 4 cents. It was known that this was coming and sold down appropriately , no CR at 0.15 is not going to add any value. It will sell down to these levels.
Glad I just dabbled in what I thought was a good investment. Joins the club of speccies that under performs for me.

HAZ Price at posting: 1.9¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

First 58 Last

Add HAZ (ASX) to my watchlist

Either way. Its disappointing to see this sell down from around...

Top Stories

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Featured News