NAG 9.09% 1.0¢ nagambie resources limited

Ann: Quarterly Activities Report, page-34

  1. 55,137 Posts.
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    I think that in this age of globalism we shouldn't get too fussy about where we get the best result for NAG and its shareholders. Chinese Antimony producers didn't get to control 90% of the world's Antimony supply by being asleep at the wheel but by doing deals that have secured the primary product from its various sources.

    Mandalay - a Canadian company -at Costerfield - Australia's sole Antimony producer, sends all its product to China so we should not feel bad if NAG does the same.

    I don't think Twiggy Forrest and his shareholders feel too bad sending their iron ore to China.

    I also don't think the Chinese (there are about 5-6 refineries in China) will wait to see a JORC before they make their move and do some sort of deal with NAG to secure their precious Antimony supply.

    Judging by this comment by MT

    “Nagambie has commenced discussions with a Chinese antimony company in relation to offtake arrangements and development funding.”

    the wheeling and dealing is well under way
 
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