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Re: Belvedere sale to Vale.Back in 2010 Vale exercised its right...

  1. Waz
    118 Posts.
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    30/07/12
    10:23
    Post #: 10498063
    Re: Belvedere sale to Vale.

    Back in 2010 Vale exercised its right to acquire Aquila's 24.5% share in Belvedere. At that point it is considered sold. The problem to now has been the price, which has taken 2 years of court battles with Vale which AQA have won.

    It has been at least 3 months since Vale lost their case
    and I think something bigger could be playing out here.
    AQA are anticipating to receive around 250M for their share.
    AQA Price at posting: $1.90 Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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