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
Market jitters that Gina Rinehart’s Hancock Prospecting and SQM...
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $425.3M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.5¢ | 33.0¢ | $1.818M | 5.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 31388 | 3 |
View Market Depth
| Last trade - 15.59pm 18/06/2024 (20 minute delay) ? |
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Last
34.5¢ |
Change
-0.005 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| 35.5¢ | 36.5¢ | 33.0¢ | 2623401 | ||
| Last updated 15.59pm 18/06/2024 ? | |||||
| WC8 (ASX) Chart |