All this talk of takeover prices of 0.20 is crazy. With talk of Kronos wanting a larger plant to improve profits and more interest coming for the ERMS plant do you honestly believe you would want to give it away for 0.20.
Synrutile prices have increased over the past five years from ~$500/t to over $2,500/t, and with the ability of our technology to produce high grade synrutile as well as a valuable iron co-product, it is believed a commercial ERMS SR plant could be an attractive proposition
Following the recent substantial increase in synrutile prices, Austpac has received enquiries from two titanium metal producers regarding an ERMS SR plant in Australia to produce high grade feedstock
Don't forget Kronos have asked us to build them a bigger better plant obviously to meet their requirements with full funding from them.
Just imagine with all this interest if a bidding war begins. I'm led to believe that these takeover dealings are right down Nick Gaston's alley with his vast experience on positioning companies for takeovers in the USA etc.
APG Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
