corporate, page-4

Let’s just say I have some experience in the M&A game...a while ago now and when things where a lot brighter...

Motive and opportunity is used in the same way.


Rio already is a competitor in Zircon & I believe Titanium (happy to be corrected here)

ILU

Cash box
Dominant market position,
Outstanding management,
Massive mine life.

We have to remember we where warned on the zircon market, on numerous occasions. Its simply prudent management to restrict production to feather the market. It wont be a long time before ILU stabilises production, thus flat lines the price, thus reduces stockpiles = eventual price rise.

Simple economics.

ILU have the luxury to absorb and control output because of its mature & dominant market position.


I have absolutely no doubt the big miners who having a look, If anyone out there can give me a reason why they wouldn’t I’m all ears.

Why would you BUY ILU at the top of the Zircon market? If this price remains subdued I expect some kind of corporate, maybe Robb will conduct a buyback rather than raising his payout ratio and keeping such a large cash position.

If you where Robb what would you do..

I would open a data room...I have a feeling the board would rather a buyback......