Lets analyze this methodically. Marillana is stranded ore without rail. There is no way BHP or FMG will strike a rail deal with a Chinese state proxy that will do nothing but undermine Aussie.
If FMG was ever going to sign a deal with BRM it should have happened in the 1st half of this year as per WRs original time table. BRM is essentially worthless apart from the port allocation (which incidentally is worthless to BRM in the absence of a rail deal as the mine will never be developed). BRMs value can only be unlocked by a rail deal (the prerequisite is non majority Chinese ownership).
Therefore, I am inclined to think hard that WN wants to consolidate ownership to ease the sale so that it can make an exit and not make a loss. The suitors could be AGO or the Russians. If AGO can sell off Ridley plus the cash in the bank, they can easily pay $4 per share.
The Russians have plenty more money and Twiggs would be happy to work with them rather than the Chinese crooks.
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