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2.50% 4.1¢ abx group limited

company presentation says it all

  1. vontrader
    23,919 Posts.
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    08/11/13
    14:57
    Post #: 12545412
    Would recommend everyone have a read of ABZ's latest presentation

    http://www.asx.com.au/asxpdf/20131023/pdf/42k7q2z2ljpw6x.pdf

    - Record chinese imports of bauxite in September 2013

    - Australian low temp bauxite will replace Indonesia's high temp bauxite strongly in 2014

    - Plan to be exporting 5 to 10Mtpa of low temp bauxite over the next few years

    Current margins are around 50% from what I make, and that is before indo restrictions effect supply and drive prices higher

    Also doesn't hurt that RIO is investing $1.5Bn in bauxite

    IMO bauxite will be the 2014 market darling, it is just a perfect storm brewing at the moment

    ABX Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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