RE: Iluka's offer30 Apr 2018 19:22
Dear me.... the people who invested circa 200m, am sure did it on a basis of returns on their investment. 1bn will not be seen again. Think about yourself. You place 100m down today and in nearly 2 years later, it's worth less. Now you have a decision, hold for another 2 - 3 years to see if KMR can catch the rest..... or..... swap it for today for double.. you need to get your business head on. So far (where's my tin hat) the Bod have not delivered for major investors. When I say delivered .... I mean profit, I mean mcap, I mean SP, I mean clearing the debt within the last 2 years. KMR sell their product the cheapest of all our competitors, this is called 'the race to the bottom' in business. I said it before and will say again, by the time KMR have caught the rest, the will be on the way back down. Now, why am I here .... because I believe that this business is being prime for TO and it has to be worth 500m. A bigger player can demand higher prices than this Bod currently get for product. Forget the past my friend. This company is not a distress sale but is very much an underperforming business with small time directors... GLA