NST and SAR have announced a board-supported A$16bn merger of equals. Under the deal, SAR shareholders would receive 0.3763 NST shares for every SAR share held.
The deal is subject to SAR shareholder approval, Saracen will be merged into NST and no longer exist. The deal is expected to be completed in February 2021.
Iluka Resources is under Algo Engine buy conditions.
Iluka shareholders will have the opportunity to vote on the demerger at a meeting on 16 October 2020.
If the demerger proceeds, eligible shareholders will receive one share in Deterra for every Iluka share held at the demerger record date. Iluka will retain a minority shareholding interest of 20 percent in Deterra as a long-term investment.
The demerger will result in two independent ASX-listed companies – Iluka Resources Limited, a global leader in the mineral sands industry and Deterra Royalties Limited, the largest independent royalty company listed on the ASX, with the MAC iron ore royalty as its cornerstone asset.
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Gold Road Resources is under Algo Engine buy conditions and we expect buying interest to rebuild near the $1.50 support level.
A combination of lower gold prices in the spot market and the recently announced interruption to production has seen the GOR share price fall from the $2.00 highs reached in July.
Bega Cheese is under Algo Engine buy conditions since forming a support base at $4.30 back in Jul/Aug. The stock price has since rallied on better FY21 earnings forecasts and the $5.00 level provides another opportunity for investors to accumulate the stock.
Vaneck Vectors Gold Miners is under Algo Engine buy conditions.
GDX provides broad exposure to the leading global gold producers.
This Monday night’s webinar will begin at 8pm NSW time. We will send the meeting link to all registrants, fifteen minutes before the start time. To not miss out, make sure that you register now.
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Gold Road Resources is under Algo Engine buy conditions and we expect buying interest to rebuild near the $1.50 support level.
A combination of lower gold prices in the spot market and the recently announced interruption to production has seen the GOR share price fall from the $2.00 highs reached in July.
Buy Brambles within the $10 – $10.25 price range.
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