This bid is about the one thing only and it is not iron ore or tax losses. Min Res want to buy port capacity on the cheap-remember the WA government put a $1.2bn price tag on Utah Point and these guys are looking to secure the lions share (ago has rights to ship 13mt) for the bargain price of $280mil by lowballing a desperate ago board and a hapless WA government.
what no one wants to talk about
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