From my recollections FIRB knocked it back because China already dominate the market and it would have increased their monopoly. I think if it went to them for a Japanese company it would be more likely to get over the line and they would have to find different grounds to reject it on.
If the Japanese are going to be getting a big chunk of our end product anyway then would it really matter to China who owns it? I guess being owners gives you more say in who your customers are, so it could block them from getting their hands on it in future.
Either way this debate certainly highlights how strategic a resource we have. Two years from now when we have an established revenue stream from stages 1 and 2 running at full capacity, maybe then the market will cotton on to this fact and the SP will finally be sitting at true value.
- Forums
- ASX - By Stock
- would firb approve a japanese takeover?
From my recollections FIRB knocked it back because China already...
-
-
- There are more pages in this discussion • 50 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.17 |
Change
0.010(0.16%) |
Mkt cap ! $5.767B |
Open | High | Low | Value | Volume |
$6.18 | $6.22 | $6.14 | $10.91M | 1.767M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | $6.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.18 | 124 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | 6.160 |
8 | 33337 | 6.150 |
2 | 30755 | 6.140 |
2 | 18811 | 6.130 |
1 | 34 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.180 | 124 | 1 |
6.190 | 6260 | 1 |
6.200 | 30291 | 7 |
6.210 | 38940 | 4 |
6.220 | 17739 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online