Market jitters that Gina Rinehart’s Hancock Prospecting and SQM would be blocked from getting their hands on Azure Minerals for $1.7 billion have been quelled.
The Foreign Investment Review Board has given the nod to Chilean giant SQM and Hancock’s joint proposal lobbed in December for an all-cash $3.70-a-share scheme of arrangement, which, if not successful, will trigger an off-market takeover priced at $3.65 each.
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Just between us darlings …. This has to be good news for Wildcat
A joint bid for WC8 from Gina/SQM must now be on the cards imho
Tabba Tabba can be developed years earlier than Azure/Andover and the 2 projects could share infrastructure
Gina has the bullets (and the Australian content) and SQM has the global marketing and processing expertise
If only I was Gina …, page-48
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Last
27.0¢ |
Change
0.020(8.00%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.8¢ | 25.8¢ | $1.655M | 6.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 62536 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 23968 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |