Can't disagree with your reply. The one thing that the "Serious Manager" did obtain was Port Access, which might also explain why he was shown the revolving door, never to appear again. MacArthur never mentioned it, from a legal point, they are'nt required to. You would think though that out of courtesy they would let the shareholders know. Their silence say's it all.
Selling off of Lake Giles would require another Packer Bond moment. Magnetite is dead in the water, till the next cycle. Lithium is the part-time flavour for now, but like everything MacArthur does it's too little too late.
Back in the day, IntraCoal were glad when MacArthur rocked up and bought their patch of dirt, then they (IntraCoal) laughed all the way to the bank. Talk about selling magic beans.
Anyone seen Welker.!
Ann: MD&A to 30 September 2022, page-13
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