"The only reason this company is still around today is because of Chinese investment over the last 14 years."
It appears China holds around 20% of NTU through on-market purchases and in defiance of Australian law. To characterise this level of ownership as keeping NTU alive is fantasy.
ILU has added fresh capital and stands ready to contribute more. The Wolverine orebody is essential for it's Eneabba REE project and I expect ILU to take over NTU sometime in the future.
Meanwhile, we await the updated DFS and financing arrangements - once the FIRB knocks Chinese investment back to portfolio levels.
Who knows, holders might get an opportunity to buy that Chinese holding at fire sale prices when the FIRB orders divestment.
Ash
"The only reason this company is still around today is because...
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Last
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $195.0M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.3¢ | $38.78K | 1.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 272810 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 78618 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.002 ( 5.71 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.3¢ | 467750 | ||
| Last updated 15.46pm 03/05/2024 ? | |||||
| NTU (ASX) Chart |