Sorry not a response just an addition to the forum,
First read
http://www.*.com.au/companies/news/...ts-pending-gutnicks-sister-at-helm-55380.html
I know its not new,
Then ann.
30 mil tonnes over a small area (2.3%, 100 - 2.3 = 97.7 remaining)
Further major upsides (its huge again 2.3% - 100% = 97.7 remaining / upside)
Based on this, a project is already approx 5mil tonnes per year = 200 - 300 mill p.a (2.3%)
Easy access positive
High demand positive
Low cost, high revenue
26 holes recently analysed, 40.5m bauxite intersected with avg thickness of 1.8m (range .5 - 3m per hole)
Avg reactive silica 6.8% (range 1.8 - 10%)
Available aluminia grade extracted bylow temp alkali leach processing
25.3% available aluminia ( range 20-31.7%) expected to significantly increase at high temp processing
Previous samples had an increase of 9% in total aluminia available
Significantly further testing could see highs of 40% , using high temp processing (China utilises the high temp process / dunno potential customers maybe)
This verifies with historic drill holes
Further testing
Further drilling
(http://www.asx.com.au/asxpdf/20140612/pdf/42q5jnq97gksjv.pdf)
New substantial holders,
44,246,301 voting power 6.56%
http://www.asx.com.au/asxpdf/20140617/pdf/42q89yzhxz0kdj.pdf
44,246,301 voting power 10.85%
http://www.asx.com.au/asxpdf/20140617/pdf/42q879hxbkqqn6.pdf
26,747,826 voting power 10.85%
http://www.asx.com.au/asxpdf/20140617/pdf/42q86dybzxkmrr.pdf
Gleneagle Securities Nominees Pty Ltd (GES) & Gleaneagle securities (Aust) Pt Limited (GES)
Everyone does realise they would have done some pretty substantial research to choose invest in a company heavily (28.26%).
TH
SUSPENSION
New further information coming out tommorow resume normal trading
Add all this together,
This company is ticking some boxes yes?
As always DYOR.
SP tommorow??
Up or down you decide.
Also prices favourable at the moment.
So thats enough from me.
- Forums
- ASX - By Stock
- Upside / further info coming
Sorry not a response just an addition to the forum, First read...
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