the best part is that it positions Mr T and in a way Mongolia as prime mover with serious incentive to help push the project along.
that's cant be done without financial and social backing. esp in a foreign country
Its now going to be 32% Mongolian held - so its not just Mr T. the dilution is the price paid not just for the necessary finance - but for how that de-risks the company in non financial ways.
should be far less risk its seen as some foreign interloper coming in to make off with the goodies - so govt approvals, land use agreements etc much more likely to occur and timely
remember what our papers were all like when Chinese were coming in looking to buy 100% of our projects. Adani same. every culture's racist/nationalistic colours tend to come out when foreigners come in buy 'the farm'
thats an unquantifiable advantage. doesnt make it bullet proof - but i reckon a big step forward on balance - beyond the immediate benefit of being able to finance the FS that has to be done - and a shorter timeframe to selling coal.
now just have to look for a positive FS. and hopefully some rail news.
AKM Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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