chromite deposits not viable, page-11

Outrigger Im well aware that the direct shipping option is a free ride for RML.

The point Im TRYING to make is that RMLs Phillipine partner has had to put up money to buid a temporary loading facility, mining, transport etc.

They have had no return so far.

In the last Quarterly (from memory) RML stated they (Partner) had several firm offers for the stockpiled ore at below "market value". Market value for this type of ore is pretty low- there are millions of tonnes of equivalent unsold ore on the docks in China, and transport costs for any additional ore are at record highs.

Those offers may no longer be on the table- we dont know. But if they are, the Partner is likely to accept them even if the price is so low it doesnt bring a profit- at least they may recover some of their costs.

So if we hear an announcement that a direct shipment has been scheduled, some Wallies will buy RML shares thinking RML is about to start making money. Thats the time for you to sell- because the SP will have risen on a false assumption, and will crash with a vengence when the full story comes out.

Of course direct shipments may never start. But I think its likely the parner will want some money back......