Does FMG really know what it wants to do? Turnover of executives and senior staff. Trying to exit diesel but happy for contractors to spend capex on diesel.
You noted that the SP for MLD was unmoved on low volume today. Who would want such a contract on these terms? Why blow out debt on capex when the customer says that diesel equipment would become unwanted in a short while? The quantum of the capex involved is huge compared to the EV/MVs of most of the potential contractors. Would the risk be worth it?
Twiggy is a great Australian who has done a lot of good for his community- but you wonder sometimes.
Cheers all and NY greetings if I have not already said it.
IMHO DYOR
2022 General News etc, page-7
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