And trying on the FMG comparison too. Basically any comparison...

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Danzar

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227

04/08/21

23:00

Post #: 55039798
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Originally posted by Roar987: ↑

Say thanks for what?!

Mate you are comparing a graphite company WKT which has its reserves primarily in Africa? 10-12% for all the risk in Africa is actually damned cheap?!?! I've worked in many parts of Africa, East, West, South, including the arm pit that is Equatorial Guinea. Your equation just doesn't make any sense..
In Africa you have to deal with corrupt regulatory authorities. disputes over local jurisdictions be central governments or tribal. Contracts that mean nothing, cause if you do get into a dispute the judge will side against you. Physical personnel security issues, plus health issues. Malaria and not to mention the millions that RIO and the big miners spend on Anti Retroviral HIV drugs fir their workers, as it's a social responsibility & financially sound as cheaper than constantly recruiting and training staff. Lack of infrastructure, power water, what ever.. Your comparison is in fact cheap and a bargain if they are getting 10-12%, no doubt other conditions attached.

USA is politically stable, for the main part financially stable, along with a rule of enforceable contract law.

Perhaps you need to widen your reading
statista.com
or Platts? do you even read that? The global resources new source bible?!? I'm hoping you even know what it is!?!

Sure pay a subscription, but as you know it's for your investments it's tax deductible..

Sovereign and financial risk as a topic certainly isn't your specialty is it mate?!

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And trying on the FMG comparison too. Basically any comparison will do for Daz so long as it suits his bias:
- ABR borates in California vs FMG iron ore in Australia then suddenly WKT graphite in Africa (??????)
- specialties are bad because they compete with non-specialty producers (??!!??)
- All finance and funding theoretical scenarios forever is an immediate consideration right now so therefore funding is impossible (!!??!!)
- The current ABR resource and initial project are (allegedly) now fully reset (bad) because the resource and project are (allegedly) un-economical (bad) but Daz's bull case is the original plan based on the same resource (!?!?!?!)

I mean that's just a start. Look forward to reminding poor Daz of the rest, over and over.

ABR Price at posting: $1.42 Sentiment: Buy Disclosure: Held
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0 Great analysis

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