what a ride!, page-16

This is the Article that set off the rumours. Your kidding. Qrn are basically saying If OPR falls over or looks shakey they would be prepared to take a stake. Good grief. They probably haven't spoken to mmx



QR Moots Move
22/06/2011 01:22 | Gindalbie Metal
0022 GMT [Dow Jones] Shares in Australia's Mid-West iron ore miners are up strongly early Wednesday after QR National (QRN.AU) mooted involvement in the delayed Oakajee port and rail project. Oakajee developer Murchison (MMX.AU) was up 4.5% at 69 cents after the open before falling back to 68 cents last while Gindalbie (GBG.AU), which hopes to use the project for its longer-term expansion plans, surged 5.3% to 90 cents before dropping to 88 cents. Development of the Mid-West iron ore province hinges on the multi-user rail project, eventually tipped to carry 100 million metric tons/year, but rising costs and delays have raised doubts whether Murchison is up to the job. QRN CEO Lance Hockridge said the company would be ready to take a stake to aid the project, in an interview with Dow Jones Newswires published late Tuesday. ([email protected])


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(END) Dow Jones Newswires

June 21, 2011 20:22 ET (00:22 GMT)

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