thats how i read it...$1 for our best asset & then the ar5se falls out of the share price.
how is this good for shareholders?
we end up with a coal jv & a port.
like to know what acorn thinks of this.
some people seem to have forgotten this is the highest grade iron ore in this country.
so we are getting $346m for 20m tonnes of the best.so around $17 a tonne.mmm imo we are getting rorted if you think the sp was never going to see $1.50 then it must be good for you.
me personally i think its a rubbish deal.
WPG Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
