Gents,
There is one very important reason Shandong will be back after a successful NO vote,offering more to a NEW BOARD.
We hear about what mining skills Shandong will bring to FML.
BOLLOCKS.
The reality is Chinese GOLD mining skills are archaic,just like their coal mining that KILLS thousands a year.Their OIL industry etc.Yes they can make good copies of most bits of plant cheaper and quite often using the wrong materials that negate the cheapness,buy a Chinese Yamaha outboard copy and find out,but actually making a plant run at high yield---Look at STONE Australia(SHK)Plant now mothballed.
Even with the operational plant they can't run it successfully.
We are seeing around the world e.g.in NZ buying dairy farms and using them as training centre's of excellence to transfer skills back to China.
What have Shandong found,besides watching their Stone mates crap out a plant (ex AXM) that was milling consistently reasonable yields,before they took operational control,knowing better.
Shandong have found a profitable operator,with specialist operational skills making the low grade ore similar to what it handles in CHINA yield higher and profitably in a HIGH COST AND WAGED environment.
IT WANTS THOSE OPERATIONAL SKILLS IN HOUSE FOR CHINA and ELSEWHERE.Come in handy in Africa as well,if you get my drift.
The grade control,the exploration,the plant operational skills.Yield is king,for no-other reason than its cream for B.All.
Even Barrick Africa was only averaging around 80% from its ore.FML has co-incidentally just shown what it can do with a Barrick plant in its own neighbourhood in Australia and SHANDONG see the ramifications of those operational skills across its whole operations.BIG BICKIES.4% extra and FML guided Barrick operators on how to run the plant.
It was right after this proof Shandong hoisted this deal.Was FML asked to prove how much better operationally it was?
This is but the first salvo from Shandong.The first cheap salvo,they will in the end pay what it takes to get FML in house.I doubt caring about minority FML shareholders will have anything to do with ensuring a running training centre trains Chinese and other nationals in the skills required.
I'm sure that imperative won't interfere with needs to generate a little profit to share with FML minorities.
Yeah right!
In fact it could run at a loss for all they care,as long as those skills make profits in 100% owned sites and revolutionize Chinese gold mining practices.
They obviously haven't been able to get them from building/buying the plants and reading all the literature.Nor have many Chinese degree holders proved successful in making mining operations work to date by taking control.
DYOR+DYODD always important to remember,no greater fool than a man who sells himself or his house cheap.
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- maybe after 3 strikes they should be out?
Gents,There is one very important reason Shandong will be back...
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $53.01M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.5¢ | $13.12K | 70.76K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 15000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.0¢ | 118797 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 15000 | 0.190 |
2 | 92952 | 0.185 |
2 | 35000 | 0.180 |
1 | 80000 | 0.170 |
1 | 38458 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 118797 | 4 |
0.205 | 10000 | 1 |
0.210 | 7115 | 2 |
0.240 | 15509 | 1 |
0.250 | 98132 | 4 |
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