Quite fascinating the change in wording, which gives a completely different version of events now.
Where once there was an executed shareholder agreement, there now is a proposed shareholder's agreement
Where once there was secured finance, there now is something to assist the company in securing finance.
Hmmmm, what to take from that?
Add on top of the above;
"Mr Barnett was dismissive of Padbury Mining's bid to build Oakajee, saying the Government had had no dealings with the company."
Surely State Government support is crucial with such a deal? How would any bank have committed to lending $6Bn for infrastructure without discussions with the State Government confirming their support?
As I said when this was first announced, this looks to be failing the logic test at the moment.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
