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82.0¢ red hawk mining limited

If I was Todd or the Chinese steel company I would have invited...

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wales1

890 Posts.

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18/01/20

09:52

Post #: 42447913
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Originally posted by patprice ↑

Is this a very similar situation as a lending entity might find itself in by borrowing short and lending long?
Or the "highly successful salesman" who sells a million of his product but supplier can only find half a million.

In this case it seems Todd has committed heavily on rail and port infrastructure. To convey iron ore from a mine to a port for shipping overseas. They convinced landowners, approving authorities, and many others the project will be a great success.Very heavily committed, millions spent. But, now in retrospect they find they do not have control as they would want of the iron ore! What a stuff up! Great planning. Build a railway and port then go find the ore.

HINT. There is a way out. Respect the rightful ownership of about 54% of the PIOP and award to these owners a proper deal that reflects the value of the PIOP.

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If I was Todd or the Chinese steel company I would have invited Vale to go over the numbers and see if thy would like to blend with their 67% grade ore not so long ago thy wanted to do this with FMG but Andrew Forrester did not want to let them in.

FMS Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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Last 82.0¢		Change -0.030(3.53%)		Mkt cap ! $163.8M

Open	High	Low	Value	Volume
82.0¢	82.0¢	82.0¢	$39	48

Buyers (Bids)

No.	Vol.	Price($)
1	1500	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	1434	1

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No.	Vol.	Price($)
1	1500	0.800
1	12059	0.675
1	5000	0.670
1	20000	0.660
1	10000	0.650

Price($)	Vol.	No.
0.820	1434	1
0.845	9	1
0.850	977	2
0.855	2	1
0.860	48035	3

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