As defined in Iluka's announcement in 2016 (and clearly spelt out in black and white) they were very well aware there is a risk with historic operations or disposal methods of the company or the predecessor. companies can come back to haunt..
The practices of the company must be brought to the fore and they be held to account and all consequences that would follow including 'civil and criminal penalties' , 'revocation of permits and indeed the right to operate.
The previous comment of 'launch a writ' is simply ridiculous. That is the role of the Government and their agencies / departments that issue / monitor / cover their license agreement and the enforcement of those conditions.
Iluka have clearly acknowledged in their announcement in 2016 that there were and are risks in their current or previous operating practices. It is or was the calculation of those risks where there can be serious consequences in their decisions and actions or lack of actions.
As defined in Iluka's announcement in 2016 (and clearly...
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Last
$6.03 |
Change
0.030(0.50%) |
Mkt cap ! $2.580B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $6.10 | $5.93 | $8.868M | 1.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3658 | $6.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 2486 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ILU (ASX) Chart |