Lol ABX spruiked very heavily about the huuuge demand for bauxite when Indonesia stopped exporting, ABX was going to fill the gap....... result is zero sales, and no standing orders.
Our competitors if / when we develop ALCORE will simply undercut our price (because they can) and starve us to death.
It is pretty obvious that ABX naively and completely underestimated competition with metallurgical bauxite sales and have a terrible record at being able to sell. We have an operating mine for goodness sakes, but no sales, except the odd one-off for cement.
It is like pulling teeth with this mob..... Shareholders want to see sales !!!
ABX Price at posting:
11.0¢ Sentiment: None Disclosure: Held
