AUZ 0.00% 0.8¢ australian mines limited

Ann: Qld Gov provides Sconi Prescribed Project status, page-59

  1. 300 Posts.
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    I'll wade in and point out that the Planning Minister's last name pretty much sums it up CL.

    This is not the first sub-economic mining project that the QLD gov't has publicly backed and its probably not the last.  Adani coal has similar project status.

    A 1.4B investment, particularly one that has to rely heavily on ill-advised gov't funding, and based on falling Ni-Co prices, still looks very unlikely.

    The pollies are out there trying to convince regional voters that they are creating jobs in the midst of a faltering global economy heading towards their respective elections.

    The forecast surge in NI-Co demand, based upon the world's auto companies papering over their bad diesel engine investments with a spate of hurried EV promises, has not eventuated and new hydrogen technologies are emerging as a more sustainable transport alternative in the long run.

    The up-rampers here can keep dreaming and bragging about their strong trading histories while the share price has dropped 65% this past year.

    Reality check,

    P

 
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