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clock Created with Sketch. 22/01/25
17:33
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Originally posted by Package:
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It should be remembered that Strike Resources sold their Paulsens East iron ore project to Miracle Iron for $20 million which was completed in March 2024, but announced in January 24. Going through the various documents related to the transaction, there was no mention of having to get FIRB approval for the purchase - but there were various other conditions required to be met. In relation to MIracle, Strike provided the following details in the announcement of the transaction.
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Watching this unfold over the last year has shown how embarrassing our current government is. https://foreigninvestment.gov.au/guidance/general/monetary-thresholds
(20min delay)