what has canged, page-2

What has canged chaged changed? do not usually post on this bulletin board but Cowboy post is simply too poor to let go. I have on occasion ripped into JT and Gippsland when they have deserved it but this update is very good news with plenty of new information.

Not sure what Cowboys opinion of Talison is "I'd bet my bottom $ that Talison will be up and running while Gip lays dormant for another 10 years" along with "Talison ready to go" bust? This a company that is having to double its tantalum price just to stay in operation.

As for global recession it may lead eventually some reduced demand but you have to also factor in the already shrinking supply of tantalum and the fact Gippsland could be producing the stuff (along with tin and feldspar) well after the downturn and when most posters on this thread are pushing up daises.

As for the bank feasibility study this study was for the banks that will hopefully be lending Gippsland the money a different situation from JT hawking the project around to various banks.

With the offtake agreement different again Gippsland technically broke the agreement by its delay in getting up running but it is obvious that HC Starck GmbH are desperate for the offtake agreement to stand (probably more so with the situation in the Congo and troubles with other suppliers of tantalum) and even if they backed out Gippsland have plenty of other people banging at the door.

As for delays we all know about them but at least they have supplied a explanation for the last one with a New project to produce SynCon (55% tantalum synthetic concentrate).

As for going back and reading old quarter reports i do this some times to work out changes and progress (a bit anal i admit) but in this case i recommend you reread the update especially this paragraph which holds New possibilities.

"In relation to equity finance, the Company has been approached by a number of tantalum industry participants and by investment houses, which have expressed interest in direct equity participation in the Project. Whilst discussions are at early stage, it is possible that third party equity participation may provide part or all of the targeted 20% equity project finance component of the CAPEX. Should such third party equity involvement eventuate, it is likely to lead to an expansion in Abu Dabbab production."

The main possibility is that we could all have is a happy ending with us all riding of into the sunset Cowboy.

Robert