Bly, you seem totally lost and confused there mate. I had better clear up a few things before anyone gets mislead. But before I start you had better look at the sp and close your shorts quickly before your broker closes your account!
Firstly Wuhan and WISCO are the same entity. This is not a liability requiring 200m funding, it is a funding option as WISCO/Wuhan are cashed up and don't need any capital to fund the JV. Of course they want a feasibility before they hand over the cash, what's wrong with that.
The 200m is mainly needed to get iron ore production and shipping up to 9mtpa. The don't rule out constructing a cape sized port either. Its got nothing whatsoever to do with the RLL demerger. Once YA Global is paid out they are out of the picture.
Oh dear, I hope you closed your shorts or got them for more than 12.5c? Looks like 12c is about to be bought out. Perhaps some more good news is on its way?
exceptional value at current levels , page-19
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