RLK 0.00% $1.80 rolek resources ltd

New mining law signed in RSA on Friday had the most draconian...

  1. DSD
    15,757 Posts.
    New mining law signed in RSA on Friday had the most draconian parts removed at very last minute. Nevertheless, they still makes RSA an uninviting place for mining investors who are looking elsewhere. BHP control about half of world's Mn prod with their mines in RSA. They are slightly expanding these as old mines reach end of their life. But world supply of Mn is not increasing hence price has trended up. In another GFC Mn price will crash along with several mines around the world. What gives SRR an advantage is that the start-up costs are very low and tax regime is not harsh along with reasonable labour laws. I'd love AGO to approach BHP with a view to re-opening the mine in a JV. It's hard to know what will eventaute but it's unlikely AGO will simply let things lapse. Yr-end only 3 weeks away. Shareholders need a statement re company's intentions. Speccie buy.
 
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