Very surprised about the Silica division potentially being spun off by Mid 2012.
If that is the case then discussions must be very advanced with a number of parties, otherwise you would not set another deadline for which you can be held accountable.
Strong emphasis on the company's cash position and incoming funds from MHMO. I think management are really trying to highlight that a CR is the last option. I also assume that they are not happy with the current SP given all the progress that has been made.
The only thing I thought sounded odd was that the 24hr ops will recommence in Jan 2012. A. It already is Jan and B. It is feb on Wednesday, so I guess they are starting 24hrs from today or tomorrow.
announcement, page-6
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Last
31.0¢ |
Change
0.025(8.77%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 31.0¢ | 28.5¢ | $281.3K | 940.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12336 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 11996 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| VYS (ASX) Chart |