Ann: Hawsons Signs Binding Agreement with Flinders Ports, page-76

Perceptive take there @mondyinvest. I occasionally amuse myself and a few others in an email trading group by penning a satire to "sum up".
The problem with posting such here is while it is relevant there are many who appease their testosterone by getting the post moderated off because they genuinely believe it to be defamatory or are simply hostile to any contrary or perceptive take.

One possibility is to explain what a satire is ..."The use of humour, irony, exaggeration or ridicule to expose and criticise people's stupidity or vices..." so that it is seen for what is intended.

Anyway hope you see the parallels in your take and this piece.

The following is a satire on the possible background to current HIO announcements - it is not factual.

Flinder’s Port’s CEO’s office late spring 2022

Receptionist: Bryan has been waiting over a hour to see you Stewart.

CEO Stewart: Bryan who?

Receptionist: Bryan of Hawson’s Iron.

CEO Stewart: Do we know him?

Receptionist: Possibly. You signed a non binding MOU earlier this year to get him to leave your office.

CEO Stewart:: Ah yes. What does he want now?

Receptionist: To sign it again. Seems their BFS project has broken and they need some spin for ASX releases and their AGM. Wants to refer to it as a binding agreement between us. Reckons you did it for KI Platation Timbers a few years back to bully the SA govt to approve their EIS.

CEO Stewart:: True but the SA Govt did not approve their port did they? Smith Bay wasn’t it?

Receptionist: Yes, Smith Bay, and it was entirely supported by the SA Government.

CEO Stewart:: Ok send him in. make sure he leaves in 5.

HIO’s Bryan: Good of you to review this Stewart.

CEO Stewart:: Do you expect Flinder’s Ports to build you a port when you cannot get your product there? How does that work?

HIO’s Bryan: Well no of course not. We just want you to say that you will consider building it. We are working on a pipeline company to say they will consider building a pipeline to the port, and a desalination outfit to consider building a desal plant. Not much hope of either of those getting past Native Title and environmental issues.

CEO Stewart: Ok.I’ve got the picture. You will meanwhile keep working on your BFS?

HIO’s Bryan: Well no. That was too expensive. Cannot afford to keep the BFS running and the Board’s salaries. One or the other had to go. AGM looming so need the spin.

CEO Stewart: Who do you have in the wings if we don’t say we agree to a binding consideration of this?

HIO’s Bryan: Transurban and Mitsui

CEO Stewart: Love it. Long term shareholders and governments are such mugs. Where do I sign?

Receptionist: Five minutes Stewart - are you extending?