ERA 14.3% 1.6¢ energy resources of australia limited

Yea Rio has no obligation to blow billions in ranger rehab since...

  1. 2,761 Posts.
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    Yea Rio has no obligation to blow billions in ranger rehab since as a share holder they are not responsible for a companies debts so they can just crab walk away and leave ERA alone to fill in the big $2B hole so if RIO thinks $2B is too much to pay to be a good corporate ESG company and ERA dont have the capital to finish the job then thats it nothing will get done and a used up old uranium mine will forever stay a big hole in the ground and no body including the Aborigines or greenies or the government can make any body fill in the hole.
    Rio might be interested in making ERA an offer to take Jabiluka but imo thats unlikely given that ranger is s portent of any future developments in uranium mining in Australia regardless of any increase in the uranium price.
    There is coming a huge drawn out saga beginning to brew and its going to get messy.
 
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