posted on
Mar 14, 2016 04:10PM
1. Glencore buying in to hedge Bushveld interest. In 20 years a shortage of Chromite can be expected, one of the rare metals with really scarce présence on our planet. Would be no surprise to me, as I would do it immediately myself to protect existing marketshare. 2. Chinese, other than Baosteel. No surprise either, even with lower growth percentage, single digit, they need it the most. 3. American Barbarians again, it is after all a strategic metal they lack. 4. Vale, thinking forward they would like to extent Sudbury's successes, Voisey's Bay was a great catch as well. 5. Mick (X2), his investors are getting more now commodity cycle has seemed to have bottomed out. Where will he place his billions. The list is longer, much longer now, there is a dark horse. This will be a take-out as if there is no tomorrow, no way NOT is going to develop themselves, Not even a first phase, maybe a preliminary one rounding everything up. RCF wants and needs to cash, to prepare for the next boom in business. Me thinks it is going to be a killer this time. Nice volume at the end of trading, like said: IT IS JUST A SHOT AWAY, a single kiss away for Babjak1 (or is it Ingrid ?).