They got Hog Ranch for nothing! What a disaster!
There could be 5 Moz or more there.
The smart move would have been to sell Hillside , get cashed up and then develop Hog's Ranch to make a $B company in 3 to 4 years with no downside risk.
What a bunch of clowns.
Let's hope another bid arises. Maybe the Japanese or BHP.
Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-41
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