My college roommate, Mazen Abdu (765-543-8201), called me the other day and has 250 tons of this Iron Ore powder form (described in attached document) in double plastic bags stored inside containers in Kuwait.
My understanding is that this kind of Iron Ore is used for:
1. Anti rusting paints (mostly primers in the paint industry).
2. Tiles and ceramics for pools, as it makes them difficult to break (ceramic industry).
3. Protection of oil pipes before laying them in saltwater (chemical processing in the oil industry in general).
I also understand that the market value is above $300 C&F per ton. We are looking for a serious buyer and are looking to sell immediately. Prices are highly negotiable.
http://glenbradford.com/files/Storage/Iron%20Ore.doc
I’ve run out of stocks to look at, but am fine with the ones I have for now.
glf – no – ari5000 – not enough upside based on what i can tell from 10 seconds of looking at p/s ratio, and chart.
lpiw – could be, any big deals going forward?, probably an easy triple, maybe more depending on if there is a double or triple in the works (fundies)
www.glenbradford.com hop on my email list if you like my ideas.