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Iluka ripe for WMCR bid: Smith Barney

CITIGROUP Smith Barney believes the time may be right for WMC Resources to make a scrip bid for m...

Michael Quinn
Iluka ripe for WMCR bid: Smith Barney

The brokerage says at $4.39 Iluka is undervalued - trading at a 15% discount to NPV - on account of a weak market and a rapidly appreciating Australian dollar. While Smith Barney says Iluka has been...

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