Iluka have their hand out for govt funding again, to fund their proposed $1.2 BILLION rare earth refinery. This is why I see LIN as a no brainer ..
Purely speculation, I think we're going to see a big JV partner, someone like Equinor or BHP, or RIO. I can't imagine the BOD would be keen on selling their "golden goose project" . However, given LIN is only seeking a $90mil debt facility, it seems to me it would be difficult for a major backer to gain a significant ownership of LIN - which only leaves the option of a TO offer or significant buying on market?
Do we have thoughts on this anyone?
FUNDING NEWS, page-23
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 11.3¢ | 11.3¢ | 11.0¢ | $18.81K | 168.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 546651 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 386352 | 7 |
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| Last trade - 14.54pm 23/08/2024 (20 minute delay) ? |
| LIN (ASX) Chart |