Interesting, page-6

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It will sort itself out, NTU through their love, gratitude and acceptance of the Chinese dollars, dollars that have kept them going for years now, have brought this upon themselves, and now they want the Gov to sort out their mess. Lol


The interesting saga will be which way iluka decides to go.
As they have said they will give an update regarding their rare earth business in September.
Even with Kim Beazley giving such a pump for Iluka and NTU at D&Dealers, iluka still have to have a viable plan regarding heading down this path. There are ILU shareholders out there that are far from happy with the RE processing idea.

ILU's original $1.25B tax payer assistance had a 16 year payback period with a 3% above the Bank Bill Swap Rate, with the current 3mth rate sitting at 4.37%.
So if ILU are given/chasing the $1.8B, and that rate deal still applies, 7.37% on 1.8B is a fair service chunk that has to be thought through.
Why doesn't ILU just tap the existing share holders for the extra dollars and see how that will go down.


Now if ILU pull the pin on their RE separation ambitions or even place them in a holding pattern for the time being, where will this leave NTU?



Will the numbers stack up?


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