Australia's largest stock trading and investment forum Australia's #1 stock forum

NZC

Click for more information

0.00%

36.5¢ nzuri copper limited

Ann: Funding and Scheme Update, page-18

First 18 Last

Share
Profile

Follow
Limitless

96 Posts.

52

23/08/19

03:44

Post #: 40108270
Share

Originally posted by Maigret1: ↑

Not sure if there is really a leak.

There were some negative news about Chinese involvement in DRC cobalt mining in the last days.

https://www.reuters.com/article/china-metals-cobalt/chinas-huayou-pulls-out-of-congo-cobalt-mine-investment-after-price-slump-idUSL4N25C2C4

https://www.ft.com/content/f1e0b85a-c3f7-11e9-a8e9-296ca66511c9

I guess this newsflow worried some investors. It's obviously difficult to make a profit in current Co market.

Well, Chengtun decided to give Nzuri a loan middle of july when lme co-price was 26k US$/t. Price today is again above 30k US$/t. Cross the fingers that the deal will be completed...

P.S. Not a Chinese investment in Cobalt, but one in Lithium that recently got all necessary approvals despite the trade war issue

http://www.mondaq.com/canada/x/838720/Corporate+Commercial+Law/Chinas+Ganfeng+Lithium+Invests+US160+Million+In+Lithium+Brine+Joint+Venture+Project+In+Argentina

Expand

Yeah they seem to be getting aggressive with strategic investments around the globe for critical metals.

https://yicaiglobal.com/news/chengtun-mining-to-spend-usd145-million-on-indonesia-nickel-smelter

This was initiated only a few weeks ago

NZC Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 110 more messages in this thread...

First 18 Last

Add NZC (ASX) to my watchlist