PS COPPER is 1.65 / 0.64 = abt AUD 2.60 / lb ... and opex shld be way down now ... and once Cobalt is online Oxides plant could see 2+ mill/mth +ve cashflow to repay its "creditors" with ???
I hope our legal beagles can shout "C...PIRACY" at #$%%#$@ and mates ... but how do we shareholders regain control ? We dont !
And politicos couldnt give a damn for something so "small" cf to the other stuff on the piracy list atm. Thats why I HATE socialist government policy even tho I LOVE their "destroy AUD policy" since I am a gold buff ... and thats why oz GOLD is the only game in town next coupla years (Uranium just behind it) as most forget it is AUDPOG which concerns US and THAT is going to the moon and beyond in the mid term !!!
But spare a thought for Copper and others as well and work out what a small bounce in USD prices is gonna look like at AUDUSD at 0.5 ... USDPOCu at 2 bucks / lb = AUD 4 bucks a lb at that FX rate and HNC will be raking it in.
Personally tho, reckon POCu will prob hit AUD 10+ bucks a lb in the third primary paper burn ahead and we will be CRYING at the perfect timeliness of this alien - piracy !!!
There is something wrong with a system which simply smiles as it allows aliens to take over Ozzie assets without a fight! We should all be swamping local members on this issue cos they probably dont even realise whats happening under their noses.
But lets see what the regulators and FED politicos come up with cos they certainly have been alerted. NT politicos look way outa their depth here ... they didnt even realise their previous PET pride and joy was under ALIEN attack when I asked the Qs ... Come on bros, show us we aint being run by manchurian candidates !
PS IMO the best way for HNC "Oztr-alien-izing" this fiasco is to assimilate into AII (HNC 72% owned) ... have always had that tingling feeling. That would make AII ... probably later to be called HNC Oz Ltd ... the future prime primary LEAD (plus other goodies) producer in Oz (world?), which is prob HNC's objective.
Meanwhile, yeah, no commentary from our ex-Board ... and why would we expect any with the conflict of interest at hand.
PS again ... we should be pointing the "patriotic" finger at both FH and EY for their current "legal" role in assisting transfer of these assets from Oz to alien hands ... but biz is biz hey? More for the legal beagles to think about.
And whats our major shareholders doing atm? Are they privately negotiating for parts of the carcass? One thing for sure, we are left out in the cold and have to fend for ourselves(?)
Angry ordinary plebs shouldn't be underestimated tho ... theres gotta be SOMETHING in our constitution which offers some kinda protection or support (?)
IMBOOC and without prejudice ....
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PS COPPER is 1.65 / 0.64 = abt AUD 2.60 / lb ... and opex shld...
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