Nmdc originally paid 8c per share so are down substantially on their investment. They are a large company in their own right and don't need outside help to develop Mt Bevan so a takeover just doesn't make sense. Nor does RIO buying a large magnetite project requiring a large capital outlay to begin production. Why not just buy Cliffs nearby DSO project if they want a Yilgarn IO project?
market heavyweight RIO TINTO and LCY, page-38
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.031K | 103.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 292360 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1631846 | 3 |
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| Last trade - 13.16pm 26/11/2024 (20 minute delay) ? |
| LCY (ASX) Chart |
