AGO 0.00% 4.5¢ atlas iron limited

atlas iron, brockman could lose port hedland, page-10

  1. 1,407 Posts.
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    The competition for port space is heating up as the price of IO remains stubbornly high and the remaining two partners in North West Infrastructure certainly can't afford to sit on their hands.

    The agreement on allocation apparently has a sunset clause that kicks in in 2017 if there's no substantive progress on developing the infrastructure so it's unlikely there'd be any move to strip NWI before then. But they will have to have made a start and if they can't demonstrate that, then you'd have to seriously consider whether AGO is a sound long term investment.

    Barnett's embarrassment over Okajee et al was compounded by the James Price Point fiasco but I doubt port allocation will emerge as a serious election issue. The again, the voter can be very fickle. Good luck to all.
 
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