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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Last
29.3¢ |
Change
-0.018(5.65%) |
Mkt cap ! $115.4M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.0¢ | $42.01K | 142.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5445 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 41581 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5445 | 0.290 |
3 | 44491 | 0.285 |
6 | 12830 | 0.280 |
1 | 50000 | 0.275 |
2 | 25000 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 41581 | 2 |
0.310 | 575596 | 2 |
0.320 | 97149 | 3 |
0.330 | 51540 | 1 |
0.335 | 40000 | 1 |
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