news coming!! big push up right on the end last night!! get in...

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pootietang1986

4,337 Posts.

03/03/17

08:49

Post #: 23066105
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Originally posted by cozzie ↑

I stumbled on this last night from Indian Rare Earth Limited an Indian Government owned company:

A joint venture agreement has been executed with Austpac Resources NL, Australia, subject to approval of the Government of India, for setting up a 10,000 tpa Synthetic Rutile Plant at Orissa using the OSCOM ilmenite. This will be based on the proprietory process developed by Austpac. Consequent on the success of this demonstration plant, IREL is proposing to enter into MOU involving Austpac Resources and Ticor Ltd., Australia for setting up further 100,000 tpa SR plant at Orissa using the OSCOM ilmenite and/or green field project involving mining, mineral separation and value addition to ilmenite.

So possibly the announcement ( that Austpac alludes to in recent announcements) we are waiting for resulting in what many believe will be a multi bagger is with IREL.Austpac has history with this company as this announcement ( which is on their website) dated back in 2001 indicates, so with TI02 prices starting to rise again and the forecast looking bullish for Synthetic rutile, who knows?

It seems someone was very keen to get in before close yesterday and shoot the price up 43% and there is buying already at this level this morning.

Hopefully, today we will hear something, probably just after close.

Cozzie

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news coming!! big push up right on the end last night!! get in quick, multibagging soon!!!!!
APG Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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news coming!! big push up right on the end last night!! get in...

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Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

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GreenX picks up prospective copper project in Germany

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