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8.0¢ gwr group limited

Ann: Term Sheet for Works Contract on C4 Iron Deposit Executed, page-41

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SmallBuyBigProf

864 Posts.

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25/09/20

10:07

Post #: 47620595
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Originally posted by joshsi: ↑

Hey mate, expecting an announcement soon, but not right on 14 days if you ask me. The announcement stated that the two parties will have agreed to a budget and project income within 14 days, not they would announce this in 14 days. They also highlighted many other steps with regards to the development of the C4 deposit. My gut says to expect an announcement next week (assuming the 14 days budget process was met), along with some updates on some of the steps highlighted below. Either way, for me personally, I'd rather them take their time and get things right from the start to produce better outcomes for us shareholders, particularly given that the price of iron ore isn't going anywhere anytime soon, I anticipate the price of iron ore to remain strong for quite some time as both Australia and Brazil will use their market dominance Australia 54%, Brazil 20% of iron ore exports in 2019, to restart economies and generate income.

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word must have got out the update is coming soon, small volume but big swing in sp in morning trade, must be a promising report

GWR Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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