Long time no talk to. I think we should be looking at more Iron ore suppliers than steel companies. Other posts on APg indicates the DRI helps get rid of iron ore fines and would make transport a lot cheaper with a much more valuable product. Fortescue was mentioned and they are in a legal stouch with BHP over access to a railroad. So big iron ore suppliers for the DRI alone,RIO, Anglo? etc.
That said Iluka has a new management and the DRI has suddenly made APG's technology even more effective and profitable so they might be interested in talking again. So many possibilities, ah me it's almost like the old times. That's the fun of this end of the market, so much potential gives stars in the eyes and so few make it. That's why I like the APG management, tenacity, they could have sold out for peanuts years ago.
Cheers
Seik
APG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
