Anyone else think this bottom of the cycle sale might not be the best idea? It would be great if they offset the move by using some of the cash they don't need at the moment to do a share buy back like FMG. 10 million dollars or so for almost 20% of the shares wouldn't be missed in the following year and it would be great for holders if/when value appears out of Mardie.
Considering IV revenue should increase now the aussie is dropping and the low grade discount is narrowing that 10 mill may not be missed too much. They'll have significantly more cash if they sell IV too. Thoughts?
Anyone else think this bottom of the cycle sale might not be the...
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| Last trade - 15.57pm 14/06/2024 (20 minute delay) ? |
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