I'd say if ASM keeps falling ILU may have a crack at it as its now committed to east coast mining and West Coast processing. Don't think the timing is right yet but anything around $1.50 would be an amazing deal for ILU shareholders.
ASM will struggle to get the resource out of the ground alone, they are fully aware of that but huge resource and fully approved to dig etc. I'm happy to stay long ILU, LYC, HAS for exposure as i recently traded ASM due to risks not producing etc/in need of a big brother deal.
Similar to the NTU deal, stay on ILU as more upside than NTU and you get paid along the way in growing dividends and profits.
This rare earth sector is ripe for consolidation and the market leaders will clean up long term buying a proven resource/s
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Last
$6.57 |
Change
-0.110(1.65%) |
Mkt cap ! $2.813B |
Open | High | Low | Value | Volume |
$6.55 | $6.59 | $6.41 | $13.12M | 2.009M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1386 | $6.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.57 | 9080 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1386 | 6.550 |
1 | 46 | 6.530 |
1 | 6464 | 6.510 |
4 | 23713 | 6.500 |
2 | 9454 | 6.490 |
Price($) | Vol. | No. |
---|---|---|
6.570 | 9080 | 4 |
6.580 | 20362 | 2 |
6.590 | 12304 | 3 |
6.600 | 188 | 1 |
6.650 | 3300 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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ILU (ASX) Chart |