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Bullboard - Stock Discussion Forum Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > aprox 80%graphite sold in past from El Tejon was to USA
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Post by bossman on Jun 08, 2014 8:12pm

aprox 80%graphite sold in past from El Tejon was to USA

The El Tejon Property is the only flake graphite mine to have produced in Mexico. Operated as an open pit, the mine and mill were originally built and put into operation in 1980. The mill was used to crush, mill, float, dry, screen and pack final product. The mine was operated until 2002, and closed due to low graphite prices. At the time of closing, approximately 80% of the graphite produced was sold to the USA. Historically, the mine produced approximately 20% large flake graphite and 80% medium and fine flake graphite.Read more at https://www.stockhouse.com/news/press-releases/2014/01/23/big-north-commissions-ni-43-101-technical-report-on-el-tejon-project#kb6durPwO5vsM3zR.99
Comment by bmeister2 on Jun 09, 2014 8:43pm
 Thanks for that post,boss,as there may be newbies who don,t have that history. Boy,I sure am waiting with some angst,I might add, for some sort of news. IMO, there should be some sort of  regular updates on wtf they are up to. Not real good management skills,Imo.
Comment by TheCardinal on Jun 09, 2014 9:06pm
What do you want them to do?  Make stuff up just so you'll be happy?
Comment by bmeister2 on Jun 10, 2014 10:17pm
No, cardinal,I definitely don't want them to make anything up, but I would like some sort of update on how sales and production are progressing,any pending of-take talks, no specifics,just generally,as I think it would give we investor's something to hang on to. It was my money,not yours I invested and I personally think it would be fair of management to keep shareholders abreast of any ...more  
Comment by bossman on Jun 11, 2014 4:23am
Or mayby a timeline on the El Tejon mine would be nice to share. Spiros could atleast give a update on the latest stockpile numbers.
Comment by bmeister2 on Jun 11, 2014 9:21am
Thanks,boss, for your understanding of what I was referring to.
Comment by PPincher on Jun 11, 2014 11:18am
I asked the question in my e-mail but he said he didn't know what they were at the moment.  He suggested they are constantly in flux (I would think increasing would have been a better word).  What this says to me is that they are still mining and increasing their stockpile...but does it really matter?  It doesn't matter how much product they have, it only matters how much ...more  
Comment by bossman on Jun 11, 2014 3:17pm
True when u look at it like that. Any company can sit on it but how many companies will have a buyer for it. This is where Cesar needs to come through with his past connections of graphite buyers. I just think if NRT were to have a large stockpile ready to go for a buyer it might make it a little easier to snag a offtake deal. The buyer can see that nrt can give them a massive first shipment if ...more  
Comment by frewil1 on Jun 11, 2014 3:28pm
For any offtake agreement to happen Big North has to be able to know how much product they can produce or it wont happen.  JMHO
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