Ann: Mining Licence Granted, page-9

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tomakelegends

9 Posts.

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25/01/25

15:43

Post #: 77561329
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Originally posted by Pete1952: ↑

the extreme risk here is while the coy is listed on the asx , the mine is in Kazakhstan between Russia and China , China controls 80 to 90% of the graphite market
China and Russia are in a proxy war with ' the west '
China has placed graphite export restrictions
research what happened to the asx listed WKT with their graphite mine in Tanzania , a hostile takeover by Gemcorp originally funded by Russia with Russian directors
Gemcorp are involved with the current instability in Africa , China are also involved
asx response was ' out of our jurisdiction ' ,
ASIC response ' the asset is overseas so out of our control '
aust govt response so far referred to the treasury and the foreign investment revenue board
maybe a day trade only
more to come

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Looks like minister in Kazakhstan thinks a bit different

https://www.linkedin.com/posts/futuremineral_fmftv-futuremineralsforum-fmf25-activity-7286441987451346945-rV20?utm_source=share&utm_medium=member_android

SGA Price at posting: 6.2¢ Sentiment: None Disclosure: Not Held
3 Upvote

1 Great analysis

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