FEX 0.96% 26.3¢ fenix resources ltd

I can;t see the WA INC, please explain?, well as far as Anaconda...

  1. 252 Posts.
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    I can;t see the WA INC, please explain?, well as far as Anaconda / Minara goes, Fluor Daniel & Anaconda were my clients in the late 90's and I think the plant construction costs blew out from $1b to $1.6b + and took years to get to name plate production.
    Twiggy was a pioneer in Laterite Nickel Production using new technology that unfortunately the contractors could not get right, and unfortunately his financiers including Anglo American did not have the vision to keep backing him in and lost over 75% of there stake, but Glencore seem to being doing all right with around 40k tonnes of nickel and over 3k tonnes of Cobalt per year produced for the last 20 years.
    Just like to add that when I first started to do work for his new mob FMG the SP was around 20c, now after share consolidation in the past $240 + in real terms, but this time when things got tough in the past the financiers backed him in.
    Just like to add that I have never held shares in either company much to my chagrin especially FMG.
    As far as retail investors being destroyed from us cowboys here in the West, I don't think there would be much of a speculative market on the ASX without the Cowboys from the West, and as everybody says DYOR and I never hear complaints from those punters that back life changers like FMG, MIN, NST or lately VUL and hundreds of others.
    Also just remember that the mining companies based here in the West have led the world in exploration and mining technology for over 40 years and we do know how to dig dirt, unfortunately Governments of all persuasions have never incentivised the downstream processing of minerals, rather pump it into the Eastern Seaboard Car Manufacturing Industry to provide jobs and where has that got us!
    There should be a massive battery technology industry and renewable energy developed in WA, but as per usual that will not happen even after the supply chain problems we have encountered due to covid with the lack of local manufacturing, so we will still be one big quarry.

    Shanghai is the city of lights a amazing place, but talk about cowboy companies many listed in the US, would you call that CHINA INC ?

    Cheers BK14
 
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