All the whilst the Alcoa smelter and power station were operating, RIC would not have been able to develop its full acreage at Moolap - there being restrictions on residential development close to an industrial site like Alcoa's.
So the final closure (of the smelter) makes quite a difference to the ultimate outlook for this site - from a community point of view it would be best if the 2 sites were developed as one. I see this likely outcome of the State Govt review as a positive for all involved.
My opinion only - comment based on public info.
Will RIC break $1.20?, page-84
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.84 | $2.77 | $660.5K | 236.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2442 | $2.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 549 | 1 |
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| RIC (ASX) Chart |
