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Re: MSC - Minerals Corp
what's OBV??
what's OBV??
18 April 2007 STOCK EXCHANGE ANNOUNCEMENT KAOLIN SALES UPDATE
SUMMARY We refer to our announcement of 10 April 2007 concerning steady progress being made on a number of sales contracts and industry supply agreements.
Minerals Corporation is pleased to advise that we are currently finalising a number of sales agreements, some of which we expect to become major volume users. We expect to be able to announce details on this shortly. Some of these agreements are being arranged directly with our Cairns office, while others are being arranged via our overseas distributors.
A substantial amount of customer product testing has been undertaken over the last 12 months and in particular, with the more important larger volume users during the last 6 to 9 months. This has culminated in growing interesti n the Skardon clays from customers in Europe, Asia and domestically. Testwork has been successfully concluded mainly in the higher value polymer, crop protection and cement applications. We continue our testing programme for paper coating but given the indicated prospective volume increases for higher value products, this work has been given a lower priority.
Likewise, we have decided to cease work completely on lower value high volume ceramic applications with a view to focussing on developing our preferred higher margin business.
We currently have received formal product approvals from over 60 larger potential volume target customers and many of these have been engaged in satisfactory post approval production line testing during recent months. Over 30 of these have recently commenced regular buying, initially in smaller shipments but now in increasingly larger amounts leading up to the current discussions on sales agreements referred to above.
So what do you think Ang??
Have MSC turned the corner from the brink of death???
I think so this will bring the price back to the low 3 cent mark and then we wait for the actual figures. I am still trying to work out how the the new IPO in London is going to affect this stock. If it breaks 3.3 cents we should see it in the 5 cent mark.
I am hanging in there for the break.
Kind reg
ang
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