austpac and orient zirconic sign two agreement, page-5

There isn't much to not like in this announcement.

Apart from getting 50% more for WIM150 than the Astron deal, the best bit is this...

"...Consequently the two companies have agreed that once Austpac’s recycling technology is commercially proven at the Newcastle Iron Recovery Plant, for a period of 12 months they will jointly investigate the potential for commercial applications for that technology within the Chinese steel industry."

Considering China makes up almost 50% of the world's steel production, that's a lot of scale and pickle liquor in a market APG had very little connection with.

Considering the advantages, I can live with a little more dilution.

Wasn't quite the original plan, but well done MT and co.