Hey 2ic, nice bit of creative prose.Now we're on the same...

Hey 2ic, nice bit of creative prose.

Now we're on the same page.

Sounds like you're coming round to the opinion that there's a high likelihood that we're being set up for a takeover north of the current share price and little chance of a capital raising.

I say that because as you pointed out, given the dilutive nature of a capital raising (and Management all hold a lot of shares, with the MD incentivised to achieve a change of control) coupled with the hard and tedious work of steering a construction project, the last thing they want to do is travel that path, so anything remotely better than the eventual financial outcome of a capital raising (circa 80c-100c, and I'd guess climbing in time) will be a welcome result to those in the drivers seat, and as you also quite right say, that would be a price that Iluka know couldn't have been any less - what a bargain - how could they resist.

But let's not rule out someone else wanting a bite of this sweet cherry.

Let's hope you're right, either way, if so we'll all make a healthy return from these prices.

Is that an upgrade from HOLD to BUY I see?