SP Sierra Rutile30 Jul 2016 20:50
Iluka is an Australian company and may see Africans in the same light as they see aboriginals. Their website boasts their resources were in stable jurisdictions, implying that others were not in stable jurisdictions. In the old days, the colonisers swapped glass beads for gold and diamonds. Those days are gone. Historically Australia was colonised by people sent to serve out their sentence rather than cluttering up British jails . This criminal mentality may persist.The belief is that the criminal mind can only concentrate on round figures so 500, 600 or 700M AUD.
Iluka appears desperate to gain access to rutile supplies. They need to convert a large amount of ilmenite to synthetic rutile in their operation. Glass beads should not be accepted. Corbs , Gib and others, keep the faith.
2 AUD per share sounds fair.