Hi Wipeoff,
According to the agreement between MMK & FMS, MMK has the flexibility to walk away when ever they want to, and the maximum penalty payable is ~2+Million, (which in the scale of things appear to be peanuts)
so i highly doubt they would go through all this trouble and unfavourable media coverage to get out of the deal.
Further purely from a economical / commercial perspective it makes absolute sense for them to "OWN" the primary raw material that goes in to their final product (steel billets) which help them mitigate any risk / fluctuations involved in iron ore.
Therefore the deal is definitely "ON" if common sense is to prevail.
Regards
Chuck
quit date - clarification of announcement, page-3
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RHK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
81.0¢ |
Change
0.050(6.58%) |
Mkt cap ! $161.8M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 84.0¢ | 80.0¢ | $53.67K | 65.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 4999 | 1 |
View Market Depth
| Last trade - 14.47pm 04/09/2024 (20 minute delay) ? |
| RHK (ASX) Chart |