CZN 11.1% 1.0¢ corazon mining limited

Nickel at a 52 week high and the $15,000+ sweet spot, page-4

  1. 3,718 Posts.
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    @Mr Plough your kidding right, the current nickel price will not help this mobs SP hasn't in the past an won't in the future when you consider the facts of how the company is run sometimes it just needs one to shift their brain away from the stubborn side to then be able take their heads out of the sand unfortunately many still don't get it.

    Like what has this company done since your buy in @ 0.003/0.004 oh yes that's right they moved the goal p posts again which by coincidence happens quite frequently here its all in their history.

    One thing you did get right was the fact that selling out an looking at other investments could well be the smartest thing to do as facts show since the buy in price nothing this company has done in that time has moved the SP and very unlikely to ever move it given the current dilution of shareholder value.

    Your statement about Indonesia not being able to supply battery grade nickel is pure conjecture an down ramping something that seems to be a standard in most of your postings, some detailed facts regarding Indonesia might help like the following from Pacific Rim Cobalt,

    Source: Pacific Rim CobaltVANCOUVER, British Columbia, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”) (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE), an Indonesia-based company focused on developing nickel-cobalt opportunities in the Asia-Pacific region, is pleased to report that Indonesia has approved environmental impact studies for factories to produce battery-grade nickel chemicals in Morowali, Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said on Wednesday*.The approval will allow investors, such as China's stainless steel giant Tsingshan Group, to continue the construction of their high-pressure acid leaching plants in Morowali, Central Sulawesi.Ranjeet Sundher, CEO of Pacific Rim Cobalt said, “Indonesia continues to make significant strategic decisions and this latest announcement represents an important step in Pacific Rim Cobalt’s efforts to benefit from Indonesia’s rapid development as a leading market for all stages of the EV supply chain.

    The Company has always maintained that Indonesia is the perfect jurisdiction to take advantage of the burgeoning EV sector. 2019 has seen the continuation of a number of exciting trends and developments which lay the foundations for the continued future growth in every vertical of the EV supply chain.

    These developments also strengthen Indonesia’s ability to capitalize on its abundant resources, which includes 25% of global nickel reserves.There are at least five of these plants being built in Indonesia currently as the government seeks to use its nickel resources to create an integrated industry, including production of nickel chemicals used in car batteries and the building of electronic vehicles.

    Spending on new nickel processing plants in Indonesia is expected to total US$20 billion by 2024, supported by the Indonesian government’s determination to create a world-leading EV supply chain. This commitment extends to the very top of government, with Joko Widodo – Indonesia’s President – stating in September 2019 that “for nickel, we want raw materials to be processed in Indonesia. We want added values.” This supports previous pronouncements from key officials, including Indonesian Maritime Minister, Luhut Pandjaitan who remarked that Indonesia will “become the main player in lithium batteries” and that it will “control the world market.”The country, which is the world's top nickel ore exporter, has stopped export of unprocessed nickel ore to support this plan.Two of the plants, representing a combined investment of $2.3 billion, are expected to be built in Morowali by China's Zhejiang Huayou (603799.SS) and partners and by Chinese battery firm GEM Co Ltd (002340.SZ), Tsingshan Holding Group and partners.

    Reading the above one could cone to the conclusion that the Indonesian Government will make sure that they become one of the world's major suppliers for tge EV battery sector an with the huge backing of companies in China, so doing ones research helps see the forest through the trees unfortunately here many still don't see that Corazon will never become a miner under the current BOD as has been previuosly stated by those who can see just saying



 
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