Slyvestor,
Not trying to be cynical, but it is a little frustrating. There is clearly a missing piece in the game that has yet to be revealed. Whatever it is it will be a game changer.
I just have a feeling there is more driving this in the background than WN's balance sheet alone. I suspect there is a Chinese "alignment of interests" that is behind WN, and it cannot be clearly seen from its board alone. Whatever it is, it is probably very powerful and dead serious about the Pilbara. WN is more than a shell - it is a "Chinese shell"
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