A bit of positivity on markets today and happy to see the Cu price responding. The G20,Fed,Chinese could add some momentum to a rally in the near term - here's hoping anyway. In regards to the Vale payment and only IMO a payment of 1m would seem a positive for a good payment next year, however if I was Vale and with current I/O and market sentiment and I indeed wanted the I/O it could be a good time now for a bit of hard negotiation. Of course we would like the 40mil, but for me a base case of approx 10m or more would at least satisfy the Bell Potter 17c valuation ( along with 600000 t Cu ).
I see the AS HGZ as an untapped fat bank account for DSO withdrawals and cashflow to support mining and a commitment to mining in turn to re-rate this stock. Why not? with increasing resource at AN and PB and AVB poking around in a massive highly prospective land holding with a high chance at least of new discoveries.
For balance here I am not happy with the lack of newsflow from the company ( PB results in the next week or so as suggested? ). Feel free to disagree with any of the above as its all speculation. Cheers GLTA Holders
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