magnetic minerals - dd period finishing soon

  1. 2,218 Posts.
    The period in which Ticor have the exclusive right to conduct due diligence on Mag Min with a view to possibly making a takeover for the company ends on 13 December.

    Ticor are on record as stating that 'we consider the deposit may be suitable as an add-on to Tiwest's Cooljarloo mine and as a supplementary source of ilmenite for SR production in our Chandala kiln. It has the potential to complement and add significantly to the life of Tiwest's northern operations'.

    Should Ticor make an offer, I would expect this be to be pitched at minimum level of 75c, probably giving people the option of cash or Ticor shares, or some combination. Of course, there is no guarantee of an offer.

    angus


    I hold MGE
 
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