I wouldn’t have thought she would even be interested in control. Especially since there is already a highly experienced and competent management team in place. What could she add if she had control??
In my view she and just looking for exposure and is along for the ride. Her involvement may well speed up the consolidation process in the Yilgarn.
Been researching the family lineage and remember that it was her father Lang Hancock who originally created with the Pilbara through consolidation and made his fortune along in this process. So this venture undoubtedly resonates with her and has the same strategic goals.
It wouldn’t surprise me if we find out she has also been buying MDX & HAW, since they are also in the move.
worth another look at the PGL site steel feed page to see how the strategy is coming together.
http://www.pallinghurst.com/investments/steel-feed.html
re; hancock prospecting, page-8
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