I have stayed positive and this is the worst scrip on my...

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Miner2000

48 Posts.

04/06/15

01:43

Post #: 15408491
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Originally posted by Aravalli ↑

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Looks like Vedanta is selling off the mining plant and equipment at Lisheen, Ireland - one of the worlds largest lead zinc mines.

"The facility is scheduled to cease production of lead and zinc concentrate at the end of September 2015."
That is approximately 3 months away!

Check it out here:
http://www.lisheenassetsale.com/

No wonder Vedanta/Hindustan Zinc are desperate for Aravalli.

IRL has a massive lead/zinc deposit that is supported by the DIPP and the Indian Government.

Let us support IRL to production of this world class asset. The management team are working stupendously hard on obtaining funding for Aravalli as per the last quartery report.

Surda is slowly starting up again.
Slowly the cash will come in but Hindustan Copper are notorious for playing dirty games - they cannot be trusted, which is why IRL are continuously pushing their case for the enormous amounts of money that HCL owe.

Stay positive!

Aravalli

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I have stayed positive and this is the worst scrip on my portfolio. First bought at 40 cents (not an error) when MK was the Chair. It came down and I lost 50% to get out. Lessons were not learnt. The MD enjoys a massive salary , bonus (I am not complaining so long the share holders see their return) while the work and production are in India. Legal cases.
Insult to injury the company hired an Indian cricketer to do the marketing who is too busy on his cricket.
As far as I am concerned my second investment (a joke now) has dived down to 90% of the invested sum. I got stuck always positive but lost the crystal ball.
Sorry folks - I do not see any light on IRL
By the way what is the truth that Vedanta is eyeing on IRL ? They have great issues in Qld Coal but there was no suggestion about their intention on Aravali or IRL . Would appreciate to get connecting references on this rumour and hope the thread is not posted by interested brokers .

Last edited by Miner2000: 04/06/15

IRL Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
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