"bought out" appears generous.
That article @bushturkey posted from 2005 has Cinnabon getting a semi over Zircon prices of US $600-600/tonne, claiming profitability for anything above $250/t.
Three years later they were losing $17m a year...
https://www.businessnews.com.au/article/Matilda-posts-17m-loss-for-FY08
...and by the end of the year, went into insolvency:
https://www.businessnews.com.au/article/Matilda-Minerals-calls-in-administrators
Seems to me like Stirling bought the carcass in the liquidator's fire sale.
The epilogue?
Look at zircon sand pricing by 2012:
Cinnabon remains a Master Strategist.
"bought out" appears generous. That article @bushturkey posted...
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Last
5.8¢ |
Change
0.001(1.75%) |
Mkt cap ! $33.83M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.9¢ | 5.5¢ | $34.23K | 617.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 68251 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.8¢ | 245454 | 1 |
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| Last trade - 15.02pm 06/05/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.5¢ | 5.4¢ | 50000 | ||
| Last updated 13.48pm 06/05/2024 ? | |||||
| VRX (ASX) Chart |