ELE 0.00% 0.5¢ elmore ltd

Time for some news, page-2

  1. 3,284 Posts.
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    Yea they probably need to put out an update soon, but I can tell you now it would just be a formality. Here is an update if you haven't been keeping up to date with the threads.

    Sean is currently doing site visits with several high ups from some medium to large local steel mills. There is a shortage of IO locally atm, with local mills running at 40% capacity. They are hopeful some agreements can be signed soon.

    The original PO for 1000 is still pending payment from the middle man trader, but doubt much will come of this. They are happy to focus on dealing directly with the steel mills now that they have the contacts from the recent conference.

    They aren't processing the 200k tonne stockpile as they don't want to waste money, but up until the cyclone, they were producing between 50-58% Fe.

    Cedric is hopeful they might have something by the end of the year. Anything will be good as long as it results in sales.

    Phase 2 plant is still sitting in China, just need Phase 1 to progress.
    Last edited by Timtator: 12/12/14
 
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