Given that the iron asset acquisition was supposed to be announced in Framework agreement 3. Now with this indian state run NMDC involvement reported in a website, itsn't about time BGD make an announcement regards to this?
ABS stated on their website that they are acquiring ANT Steel engineers in India and this is where ABS Technical President Dr. Singh came from I believe? IMO the Indian NMDC opportunity was established through such local connections.
Locally, Gladstone Steel Project looks like moving in the right direction and hopefully BGD will submit the EIS on time this current quarter.
Internationally, ABS Partnership and this NMDC connection in acquiring the Ridley (Which I'll treat it as rumour at this stage). Just because BGD tends to be tight lipped about it but given so much has been acheived in the last 8 months or so, there is no backing down now IMHO!
BGD Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
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