The current resource is too small. Add to that, the only company that has access to its full potential is PLS.
Honestly I don't like to repeat myself but some of you are doing yourselves a disservice by hoping for some miracle bidding war. The plant is just too small for the big boys to bother with. We need to move on and learn from the experience.
If I were to put my FMG/BHP/MIN hat on...
Allow PLS to take out Altura and get both plants ticking along with access to the full pilgangoora resource...then just swoop in and take over PLS.
Makes a lot more sense than wasting.tome and money for a small plant that's running at 60% recovery and a tiny resource.
Ann: Extension of time to convene second meeting of creditors, page-55
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $8.086M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 2.9¢ | $1.638K | 55.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 362314 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 603725 | 2 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |