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Richards Bay is responsible for around 17 per cent of the...

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edshann

2,372 Posts.

716

29/10/21

00:39

Post #: 57162345
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Originally posted by edshann: ↑

You are certainly always bullish. Apart from increasing mineral sands supply from Richards Bay, Chinese industrial production has slowed sharply due to its recent problems with energy supply. Production growth was running at 0.6% per month earlier this year, but was roughly flat in September. I just think a bit of caution is justified in the short term.

Incidently Canaccord have started covering Base Resources (BSE), but unfortunately not Image. They are bullish about mineral sands prices in the medium term, as they expect demand to exceed supply over coming years.

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Richards Bay is responsible for around 17 per cent of the world’s titanium feedstocks and 13 per cent of zircon.

IMA Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.004(4.26%)		Mkt cap ! $109.9M

Open	High	Low	Value	Volume
9.6¢	9.9¢	9.6¢	$14.34K	146.8K

Buyers (Bids)

No.	Vol.	Price($)
1	7500	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	39999	1

View Market Depth

No.	Vol.	Price($)
1	7500	0.094
1	10000	0.093
2	87577	0.092
2	20500	0.091
7	294611	0.090

Price($)	Vol.	No.
0.098	39999	1
0.099	10000	1
0.100	219020	4
0.105	352000	3
0.110	828530	7

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