At the least it strongly suggests PLV have presented to Shinso Kobe. The 'fact' a reputable japanese steel company is taking an interest in PLV is a huge plus IMO.
Quite a few of the junior miners have encountered chinese steel mills walkign away from agreements when market conditions changed. Atlas Iron for example had two off take agreements pulled at the height of the GFC.
Reputation is everything in the Japanese business world and hence why I would be much happier if PLV secures its finance / off-take agreement with a Japanese steel company rather than a Chinese or Indian company.
Anyway it is something mildly interesting to speculate about on what was a quiet trading day. I gave up on a 6 week 57.5c buy order and bought at 60c at the close.
Satori, ausjpn is indeed short for Australia Japan. Worked there for 3 & 1/2 years from 98 to 01. Wonderful country and people.
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