frizzers Posted March 12, 2008 Report Share Posted March 12, 2008 Rusina have commenced cash flow from their Acoje Project in the Philippines, shipping nickel laterite ore to China. There are options outstanding which expire on March 31st, so the selling pressure on the stock should expire by then, if not before. Market Cap currently around £22 million. Earnings for this year estimated to be £5 million, so trading at just over 4x cash flow with significant exploration upside in various spots around the Philippines. European Nickel (LSE:ENK) have a 40% stake in their JORC resource of 831,450 of contained nickel. Focus on nickel, chromite and PGMs - (not in South Africa!) http://www.rusina.com.au/ Rob Gregory is CEO. Presenting at Minesite today. Spoke to him afterwards and got the impression there is significantly more to come with this one, once March is past. Link to comment Share on other sites More sharing options...
Mattybuoy Posted March 12, 2008 Report Share Posted March 12, 2008 Yep there should be lots more to come in all areas. Check out the historical PGM drilling for one ... Then there is the fact that Rusina's Acoje mine is the closest source of nickel to China in the entire world. Shipping costs are a big factor in the DSO laterite market. One small correction though, there is no magnesium involvement. BTW Frizzers what does "GIP" mean? Sorry to be ignorant. Link to comment Share on other sites More sharing options...
frizzers Posted March 12, 2008 Author Report Share Posted March 12, 2008 Matty, see here for GIPs - Golden Inflection Points Not quite at one yet, but setting up nicely. Link to comment Share on other sites More sharing options...
Mattybuoy Posted March 12, 2008 Report Share Posted March 12, 2008 Ah I see, thank you. I was thinking it was a mining acronym not TA ... Link to comment Share on other sites More sharing options...
Mattybuoy Posted May 26, 2008 Report Share Posted May 26, 2008 The rig for the PGM drilling program has arrived on site. http://www.stocknessmonster.com/news-item?...SX&N=408145 Link to comment Share on other sites More sharing options...
1waving Posted July 9, 2008 Report Share Posted July 9, 2008 Rusina was looking really good fundamentally and technically. Have Rusina had a setback or is it the general AIM demise with the market makers screwing shareholders into the dirt. Seems to be minimal volume for the recent fall. Any reasons ? . Link to comment Share on other sites More sharing options...
frizzers Posted July 9, 2008 Author Report Share Posted July 9, 2008 Aussie tax selling? Link to comment Share on other sites More sharing options...
Mattybuoy Posted July 10, 2008 Report Share Posted July 10, 2008 Nickel price down. Energy costs up. Generalised bear market. What else do you need? Link to comment Share on other sites More sharing options...
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