I'm not sure which proposition of mine you think is wrong. There are actually three wrapped up in my comment:
1. That GR has her interests at heart and not the nation's;
2. That she has a desire to take ARU private;
3.That the Feds would be embarrassed to see a huge chunk of public money transferred into private ownership.
I could be wrong on the first two and would be pleased if I am. I'm pretty sure I'm not wrong on the third.
The intention of the current ARU management is to lift its present 53% of committed offtake to 85%, with the remaining 15% available for sale to anyone at spot prices. None of the 53% is Chinese and we don't expect the next 32% to be either, so if all goes to plan only 15% is freely available regardless of company ownership. However this is a long game: the offtake agreements have a limited life and the mine output could be increased if a new owner thought it worthwhile (and ARU has a huge resource). So in the longer term a transfer to China is possible.
I am not familiar with the details of the ILU loan. If the loans to ARU contain equivalent restrictions, I would stop worrying.
- Forums
- ASX - By Stock
- ARU
- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice, page-35
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARU (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $450.5M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.3¢ | $311.3K | 1.582M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
53 | 1486695 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 243171 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 1470724 | 0.190 |
34 | 1593092 | 0.185 |
50 | 3151070 | 0.180 |
31 | 1912057 | 0.175 |
44 | 4245263 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 242293 | 10 |
0.200 | 903154 | 16 |
0.205 | 1090790 | 14 |
0.210 | 2859967 | 29 |
0.215 | 721566 | 12 |
Last trade - 13.05pm 09/07/2024 (20 minute delay) ? |
Featured News
ARU (ASX) Chart |