In reference to a statement on Gulf Alumina's web page dated 4 July 2011, is a paragraph of interest. "The arrangements which are expected to conclude effective late July 2011, were negotiated with the Liquidators of ACC Ecominerals Ltd, following their unsuccessful attempts to sell the kaolin business as a going concern. The Liquidators are still managing an orderly sale of the kaolin specific assets. Is this the end of the Skardon kao project? Sold as scrap, as is usually the case? Maybe it's time to have a good look at a real kaolin deposit, Kendall River, further along the road from Gulf Mines Ebagoola gold project--100's of millions of tonnes of proven world class #1,ultrafine,high brightness kaolin. Shift the non-bauxite plant down there. A competitor for Brazil. Check it out.
GLM Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
