i would say the data room has been open months rather than weeks.
No interest from anyone IMO hence the decision to push ahead with getting Railway into production. If the best transport deal that the majors will offer is the same cost as trucking it all the way to Port Headland then its hard to see it getting up. You cant truck 10mtpa.
But if you have been following the thrid party infrastructure discussions\documents then once access is available then i think the price will be much fairer than what is on the table now.
I continue to hold but have lost hope of seeing the gains that were once available a year ago. Though obviously i think its worth a lot more than 80c.
UMC Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
