re: Ann: Open Briefing - MD on Strategic Deve...
For how much longer can they keep rolling this statement out before people conclude that the "Emperor has no clothes"?
"Marillana is strategically very well located, surrounded by mines operated by BHP Billiton, Rio Tinto and Fortescue and is in close proximity to current and proposed mines and railways. There is rail infrastructure immediately within the tenement and two nearby operating or approved railways."
I remember hearing this in 2007.
"If we decide to go for a traditional combination of equity and debt, we?ll be looking to Wah Nam in Hong Kong, and its connections into the Asian financing markets and experience as corporate bankers, to support us in structuring the optimal financing package for the Project."
God help all of us if this is the only option available.
"...and are in advanced negotiations with Fortescue on a rail, port, shipping and marketing services agreement"
Ummm that's what you said last year.
BRM Price at posting:
$3.30 Sentiment: Buy Disclosure: Held
