Just when you think they're going forward and the SP is on the move they pull this from the hat. I think I can see why the refinance is taking so long. Lost +$100m in Mongolia as they had NFI of how to operate up there, and now asking for another +50m to chase opportunities in deepest darkest Africa where again they have NFI. Stop looking over the fence and get the backyard in order. This pricing won't last forever and they need to make as much as they can, right here, right now. UNV is the only option to increase exports/revenue, BA is at capacity. Get 1m tonnes of UNV coal on the export market asap. African iron ore and bauxite will still be there in a couple of years.
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