Goodone, my take is much like yours - in that it was stating Rio and Iluka were unlikely to lay still and watch this evolve - perhaps they will try to oversupply and get the price of Zircon down to prevent viable financials for SFX, or perhaps launch a takeover, or lock in major buyers with longer term contracts and shut us out?
Not sure how many other options could be summarised - the other issue is the capital question, Macquarie seem to believe another $100m will be raised with equity, which is a real shame, but probably likely - the balance of development funds through debt!
Their target price is much more conservative than Hartleys, I suspect perhaps partly due to the additional likely dilution?
All that said, I'd still rather be on board than not!
Cheers
Cabe
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29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $116.4M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 29.5¢ | $1.666K | 5.648K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 80475 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 1315 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 45875 | 0.295 |
1 | 10500 | 0.285 |
1 | 50000 | 0.275 |
1 | 50000 | 0.265 |
1 | 40000 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 1315 | 1 |
0.320 | 14500 | 1 |
0.325 | 30769 | 1 |
0.350 | 8888 | 1 |
0.370 | 25000 | 1 |
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