FMG 0.34% $17.43 fortescue ltd

fmg iron bridge jv, page-43

  1. 7,247 Posts.
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    In the announcement on 16th August, it was mentioned that Formosa is building a 22mtpa steel mill in Vietnam. It will be the largest project of its kind in the world and the first of six blast furnaces.

    Spec miner HAZ res. is a small tungsten explorer that is constructing a ferrotungsten plant in...Vietnam.

    It has acquired a 60% interest in a Hong Kong based tungsten products company. A large steel mill in Vietnam that will be using large quantities of tungsten from Australia.

    HAZ has already paid back some debt ahead os schedule, which is not the actions of a company under any stress. Its cap is small, which means that any serious interest would have a very positive effect.

    HAZ hit 3.8 cents today, a year high by about 10%, on much higher volume than usual.

    I do own some HAZ, but thought it was relevant to the FMG thread in view of the Vietnam connection.

    And it is a spec, so caveat emptor

 
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