The only theory that can makes sense is the "pissing them off" theory. $4m is nothing for SJ, so it was probably a matter of principle rather than financial constraints.
Looks like P4 production and relationship with SJ is gone, and SJ will slowly move away.
I had a feel that MNB has always been walking on a thin line trying to get both export and P4, and it would piss off one of those competing stakeholders. Management has always been trying to present themselves as having a lot of options that would eventuate, but in the end, all what we see is confusion and the constant struggle.
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Last
7.1¢ |
Change
-0.001(1.39%) |
Mkt cap ! $63.26M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 7.1¢ | $4.154K | 57.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 112616 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.3¢ | 349688 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 112616 | 0.071 |
4 | 147150 | 0.070 |
4 | 151667 | 0.069 |
3 | 103000 | 0.068 |
1 | 20000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.073 | 349688 | 2 |
0.074 | 90772 | 1 |
0.075 | 250000 | 1 |
0.077 | 84341 | 2 |
0.079 | 100000 | 1 |
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