tim treadgold veteran mining journalist wrote this last year wrt the cazaly hooplah. gotta remember this guy been covering mining stories for many decades now. looks to me like a caz win is only half the victory for caz holders.
"While share traders have been celebrating Cazaly’s apparent win, Rio Tinto has been quietly plotting its comeback. First step is an appeal to State Development Minister Alan Carpenter on special interest grounds. If Mr Carpenter’s troops have banked Rio Tinto’s cheque he must listen, and might even agree that Rio Tinto has a case – even if it is only strong enough for the minister to lever something else out of Rio Tinto, such as a bit of extra infrastructure spending or an enhanced program of spending on social issues in the Pilbara (perhaps a new school, or two).
If Mr Carpenter rejects Rio Tinto’s first move then its off to the Warden’s Court, then the Supreme Court, then the State Full Court, then the High Court, and back again. And while that’s happening, the Rinehart and Wright camps chime in with an action to defend their position – in the Supreme Court, then the Full Court, then the High Court. "
CAZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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