a theory...

I have a theory on the rail transaction.

The company has never been able to put a firm deadline on when it was going to be inked, but was always saying soon & imminent etc...

Perhaps this is because it was contingent on Roy Hill securing its financing deal which was finalised today.

AGO would not have had 100% visibility on when the financing deal was going to be finalised, hence could not tell us, their shareholders, when the deal was going to be done.

I think we might get some news on the rail deal today / tomorrow!