Australia's largest stock trading and investment forum Australia's #1 stock forum

APG

0.00%

0.2¢ austpac resources nl

Announcement today?? Maybe Indian Government? Multi bagger??, page-2

First 2 Last

Share
Profile

Follow
pootietang1986

4,337 Posts.

03/03/17

08:49

Post #: 23066105
Share
Originally posted by cozzie ↑

I stumbled on this last night from Indian Rare Earth Limited an Indian Government owned company:

A joint venture agreement has been executed with Austpac Resources NL, Australia, subject to approval of the Government of India, for setting up a 10,000 tpa Synthetic Rutile Plant at Orissa using the OSCOM ilmenite. This will be based on the proprietory process developed by Austpac. Consequent on the success of this demonstration plant, IREL is proposing to enter into MOU involving Austpac Resources and Ticor Ltd., Australia for setting up further 100,000 tpa SR plant at Orissa using the OSCOM ilmenite and/or green field project involving mining, mineral separation and value addition to ilmenite.

So possibly the announcement ( that Austpac alludes to in recent announcements) we are waiting for resulting in what many believe will be a multi bagger is with IREL.Austpac has history with this company as this announcement ( which is on their website) dated back in 2001 indicates, so with TI02 prices starting to rise again and the forecast looking bullish for Synthetic rutile, who knows?

It seems someone was very keen to get in before close yesterday and shoot the price up 43% and there is buying already at this level this morning.

Hopefully, today we will hear something, probably just after close.

Cozzie

Expand

news coming!! big push up right on the end last night!! get in quick, multibagging soon!!!!!
APG Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

There are more pages in this discussion • 14 more messages in this thread...

First 2 Last

Add APG (ASX) to my watchlist

Announcement today?? Maybe Indian Government? Multi bagger??, page-2

Top Stories

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Issues emerging as Australian companies tackle critical minerals challenge

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

NRW Holdings inks $109M deal with BHP for works at Jimblebar

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News