Time to open up the MidWest, page-33

hahahhaha you made my day

Tell him he's dreaming

IMHO the share price wont drift much
its been trading on fairly low volume's already and has held up

my guess at trading range would be 1.5 to 2.0 until an announcement is made
or more significantly the boat leaks a little

here's a recap of what we are all doing here -- Unless you are a shorter "LMAO"


The long-held dream of developing a new iron ore mining and infrastructure region in Western Australia's Mid West region, nearly 1,000km south of the globally recognised Pilbara province, may have seemed dead and buried after the 2015 Oakajee port fiasco.
But Perth-based explorer AustSino Resources has returned to the fray with the setting up of a new concept study into potential economic infrastructure solutions for the highly prospective, underdeveloped region.
As Padbury Mining, the company was one of the drivers of attempts to set up an ambitious regional rail and port infrastructure system that would support its Peak Hill project as well as other companies' stranded projects in the region.
That ended in mid-2014 with the dramatic collapse of a claimed $A6.5B funding deal, leaving the company in disarray and two directors copping fines and lengthy suspensions from holding company management positions.
Now back on the boards following a financial restructure, AustSino has appointed management advisor Churchill Consulting to lead its study.
The development of the WA Mid West, covering nearly 500,000sqkm, as a major iron ore province has been hindered by the lack of a deep-water port and other economic infrastructure.
AustSino's own significant deposits are over 500km from Oakajee, the nearest potential side for major port development.
There are no current viable transportation infrastructure solutions available to transport and export the iron ore.
The company said it hoped its re-emergence would be a catalyst for renewed consideration of economic infrastructure solutions for the Mid West.
Much of the weight behind any concerted push to revival of the Mid West infrastructure could come from China.
AustSino notes that potential customers for the Mid West's magnetite iron ore are principally Chinese.
There is already substantial Chinese investment in the region's undeveloped deposits. The company's own prospectus issue completed in April raised $A4.445M, of which $3M was raised in China.
It's even been suggested that Oakajee, 22km north of Geraldton, could become a flagship Australian project for Chinese president Xi Jinping's massive international Belt and Road Initiative.
AustSino is now re-engaging with Chinese interests on its plans to be the catalyst for development of the region.
credits to the poster of this who I have misplaced