RIO held a world class zircon deposit that is not widely known in the Pilbara. They held it for 20 years, spent nearly $15m on it and let it lapse last year.
They also sold their talc and surrounding Eneabba mineral sands operations and leases last year.
While I would never discount the big boys going after Iluka, I just don't see it. I would suspect the Chinese before the majors, but they would need deep pockets as the insto's wouldn't give it up easily.
Andrew Robb has stated a deep desire to pay shareholders strong consistent dividends and shore up more resource, I think that will be the way forward.
Pep
corporate, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ILU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $2.593B | |||
| Open | High | Low | Value | Volume |
| $5.94 | $6.08 | $5.90 | $11.60M | 1.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8335 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.09 | 1433 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ILU (ASX) Chart |