IDM (ASX) critical points

Originally posted by FGB ↑

Just with the transport issue that I wrote about on friday.

I should have highlighted that the railway line that saddles the plant has been re-commissioned and the company will be using it to transport to their U.S. customers in the coming month. The company wrote last year that they were proposing a spur on their land, this would make it quicker, easier and cheaper to transport. One of the reasons why its was re-commissioned was because of the imminent output from the plant.

Here is a photo from last year showing the complete land area which some of you may not be aware. (I have drawn the lines).

The yellow highlight area doesnt get a mention, but it's owned outright by IDM. This land could be used for plant expansion, storage or more probable the spur lines. They could however put the spur line on the border butting Roseberg Timber (blue line).

Here is one of the articles that you will find regarding the railway line.

COOS BAY - The Oregon International Port of Coos Bay has chosen ARG Trans as the preferred operator for the Coos Bay rail line. The port selected the company following a request for qualifications from interested rail transportation companies in September 2010 and interviews with five final candidates in January 2011. The port will begin negotiations with ARG Trans on a contract or lease agreement for train operations and rail line maintenance. Founded in 2003, ARG Trans is a rail-related transportation enterprise. The company purchased the San Pedro & Southwestern Railroad, chiefly moving agricultural chemicals, grains and building products in the Southwestern United States. It also operates a transload facility serving southeast Arizona. The 134-mile Coos Bay rail line is undergoing nearly $24 million in repairs, with partial service scheduled to resume in late June or early July. Full service is expected in fall 2011. The rail line will be operated as the Coos Bay Rail Link (CBR), and will serve the Coos County, western Douglas County and western Lane County region of southwest Oregon. Rail connections through Eugene serve destinations and markets to the north, south and east.

Link to the article:
http://wwshipper.com/dsnews/news/april.html

It's coming together, just give it some time.

Pep