Okay, Mitsubishi who openly expressed that it doesn’t want too much to chew on is snapping up 50% of JHEP/OPR at 51 cents with few conditions attached and a puny $3M break free.
Remember Mits is not a company fronting up for a country that is:
- the largest IO consumer and importer by far
- that is paranoid about security of supply
- spooked by unreliable Indian imports
- already invested billions in the mid-west (including 2 mines in or were in production).
- franctically trying to buy IO resourcs across the globe
- may get frustrated with the takeover of SDL
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