Their 3rd bidders statement seemed to throw a few red herrings.....

Their 3rd bidders statement seemed to throw a few red herrings.. running low on cash !! ..so what.. all normal. Dilution through cash raising ... all normal, particularly where SH can top up. Ships to big cause nobody else does it. Deeeeer!!!
And then we have their expert and our experts report. OFF COURSE THE EXPERTS WILL BE ABLE TO PULL EACH OTHER APART.

This is DRX who HAVE FAILED to get any previous projects off the ground.

PAGE 9 is the clincher...
Vessel Scheduling
Partical facility User Agreement

This is outright misinformationform.(In my opinion)
FACT
The lease between Ports North and Mitsubishi is a binding agreement until 2038
FACT
It provides for a maximum of 3 million tonne export PA (About $200 million to Mitsubishi). The wharf was built and paid for by Mitsubishi for this production.
FACT
To have a partical User Agreement, in can only be for more than 1 million tonne export PA. Mitsubishi would have to relinguish 1 million tonne export PA
FACT
The lease is only for the BARE BACK WHARF.
FACT
Mitsubishi still own the conveyors and loader to the ship nd they do not form part of the lease. DRX would have to go the ACCC or some similiar regulator to overturn the lease and private ownersip (in my opinion)
FACT
DRX know this... Listen to Niel McIntyre's presentation at Brisbane Mining Conference 16 March 2024. 8.50 and 9.54 minute mark where he refers to bare back wharf and clear permittable pathway.
FACT
Lease is a public document...Ask DRX to supply you with a copy or the dealing number you will need if you apply through Ql d Titles Office. (Cost around $45)
FACT
I'm a shareholder of MLM. Read my HC post history and I keep myself informed.