For RIO (& FMG), they could purchase ROBE MESA from loose change...

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Montysaves

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658

23/02/24

00:50

Post #: 72548795
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Originally posted by gberra: ↑

There is a reason they are trying to sell it and MC is also trying to sell his share. Firstly - you can’t rely on Fe staying at $120 USD per ton - I would say that’s highly optimistic. Secondly there is execution risk. Thirdly to raise the funds to build it we would need to make a highly dilutive capital raise. Our shares on issue could easily double or more. I honestly believe voting YES is the best option and hopefully that will push Rio to bid. Rio are the sensible owner of this deposit with their rail line and infrastructure already in place. GLTAHs

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For RIO (& FMG), they could purchase ROBE MESA from loose change in the bottom drawer and then safely bank future profits from mining in future years. We will surely know in next week what RIO's intentions are.

CZR Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.5¢		Change 0.000(0.00%)		Mkt cap ! $53.26M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	31854	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	37985	4

View Market Depth

No.	Vol.	Price($)
1	31854	0.230
1	111859	0.225
2	8545	0.220
2	116503	0.215
2	15000	0.200

Price($)	Vol.	No.
0.240	37985	4
0.245	70084	2
0.250	66000	3
0.255	40000	1
0.260	550000	2

Last trade - 10.59am 25/06/2025 (20 minute delay)

CZR (ASX) Chart

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For RIO (& FMG), they could purchase ROBE MESA from loose change...

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