SVM 5.22% 70.5¢ sovereign metals limited

Ann: Rio to Invest $40.4m to Become a 15% Strategic Investor, page-61

  1. 6,237 Posts.
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    The large additional Chinese gov stimulus announcement last week to improve property issues and another to improve people's spending is very important. Layer by layer they working to implement changes to boost their economy and Chinese people's sentiment whom are sitting on record high bank deposits due to their uncertainty.

    A strong Chinese powerhouse economy and manufacturing sector - property sector is big for minerals demand.
    More stimulus is expected.

    Bodes well for timing of our PFS in next 2-3 weeks as China number one customer for all minerals. Should translate in time to higher commodities pricing as already seen with iron ore and rare earths for the renewables shift.
 
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