Market jitters that Gina Rinehart’s Hancock Prospecting and SQM would be blocked from getting their hands on Azure Minerals for $1.7 billion have been quelled.
The Foreign Investment Review Board has given the nod to Chilean giant SQM and Hancock’s joint proposal lobbed in December for an all-cash $3.70-a-share scheme of arrangement, which, if not successful, will trigger an off-market takeover priced at $3.65 each.
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Just between us darlings …. This has to be good news for Wildcat
A joint bid for WC8 from Gina/SQM must now be on the cards imho
Tabba Tabba can be developed years earlier than Azure/Andover and the 2 projects could share infrastructure
Gina has the bullets (and the Australian content) and SQM has the global marketing and processing expertise
If only I was Gina …, page-48
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26.0¢ |
Change
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Mkt cap ! $313.7M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.8¢ | 24.5¢ | $914.7K | 3.523M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 93686 | 26.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 66788 | 3 |
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