@tamz I can tell you confidently that there will be a no no-take over provision, Rio are too savvy for that, the best they can hope for is a grandfathering provision from Rio. As for replacing the people, no chance the employees will switch to the new provider in a heart beat otherwise they're out of work.
I would bet that this is about the way PRG management have approached the tendering process. PRG were on the same Rio panel pre-merger with SKE, but they were taken off a couple of years ago. The 15 year relationship that was cited in the media was on SKE side and it was there biggest mining industry client. Bagging Rio in the media as the MD has done certainly will not help their cause any time soon, anyone who deals with them knows it's a master-servant relationship.
PRG Price at posting:
$1.87 Sentiment: Sell Disclosure: Not Held
