Ann: FNN Interview with CEO, page-103

First 103 Last

Share
Profile

Follow
Catalogue

793 Posts.

9

26/06/17

08:52

Post #: 25482885
Share

Originally posted by Nanday ↑

Buying a higher percentage ore to mix with their own is good management in order to fulfil an order, and I fail to understand why the downrampers are using this as an excuse to trash the company.

I read the transcript of the interview, CG confirmed that IFO is a middleman who arranges the purchases for different end users. This is what I suggested when a previous post implied they were some kind of sham company because they couldn't find anything except a registered office address for them. IFO is going to bring them purchase orders of different percentage strength and at different price points. Some posters are fixated on the point that they need to have the highest possible percentage and they don't yet have this, but to run a business, you need to be able to supply what the customer wants. NSL has shown that they can do this by thinking outside the box and bringing in a higher concentrate to mix with what they are currently producing.
It is crucial that NSL and IFO have a solid and trusting relationship. IFO's reputation hinges on their chosen suppliers providing the product as specified on time and on price and with the end customer being happy. If NSL continues to do this, the orders will continue to roll in.

Expand

Yes, IFO are commodity traders between the primary producer and the end user. Having flirted with this a number of years ago it is a very specialised field that requires expert knowledge and client trust to be successful and IFO have very and I mean very good operating model to make money. They are running on low costs and margins for arbitrage.

NSL Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

3 stocks with antimony news on Thursday

MTM

Forget gallium: MTM says it's extracted gold from e-waste

ASX Market Open: Local bourse to trade green | Thursday September 12

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

CU6

Clarity progresses SECuRE trial with positive safety results

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3