Ann: Trading Halt, page-12

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dannybbb

2 Posts.

05/03/24

22:13

Post #: 72760940
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Originally posted by BurningCash: ↑

Thanks mate
No unfortunately my holding is not that large and I am not a board member just a bored member at the moment. Hahah
I have been around with Freehill for many years and waiting patiently.
It is the only company I own that I actually attend Zoom yearly meetings.
The reason I purchased this many years ago is the land position and the large amount of deposits for iron ore they have.
But as like any exploration company it takes many years to get into a production stage. I think on average it's around 8 to 12 years yet freehill is now heading into somewhat production before that time frame. So I consider that a win.
Hopefully once they start making a revenue and some profits they will focus back on the main prize and thats the ore.
But having both going at once would be the best case.
Its also good to see some larger orders coming in with regards to the concrete orders.
Only one thing i have been disappointed about and thats the fact the freehill only holds permits to move 5,000 tonned of iron ore per month and it takes several years to get permits to increase that number. So i would hope once they start seeling iron ore they jump on that as well.

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I actually asked that question during the last AGM as was told that it wasn't 5,000 tonnes / month but rather 10,000. Strange as I hasn't seen any news on the upgrade from 5-10 anywhere? But at this stage I'd be happy with 5K per month consistently.

FHS Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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