Old article - key point is that Orica produces quality Ammonium Nitrate for explosives. Russian Ammonium Nitrate will probably escape sanctions, but the Western powers will probably be keen for there to be a margin of safety, and Russia will be keen for the West to suffer. So there might be some great investment possibilities for ORI in that area. As now ORI has some margin of safety on their balance sheet. It also can tie in with the Hydrogen theme.
I like the acquisition as it ties in the the drilling and mining deeper and deeper theme.
ORI Price at posting:
$15.68 Sentiment: Buy Disclosure: Held
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