This from yesterday's AUSTRALIAN...
PILBARA developer Brockman has fallen off the radar of local investors since the Hong-Kong based Wah Nam assumed control in late 2012.
One reason is that Wah Nam (since re-named Brockman Mining) has been derisively referred to as a limousine business, but in fact it has exited the upmarket people-cartage game in favour of developing the 1.6 billion-tonne, $2.2 billion Marillana project.
The key is to access Fortescue’s rail network to deliver the coveted ore to Port Hedland, where Brockman has a 50 million-tonne port entitlement.
The parties today start mediation proceedings on such access, which will make the difference between Marillana being worth billions of dollars, or just another stranded Pilbara deposit.
The argy-bargy comes at a timely juncture, given rail operator Aurizon’s intentions to build an open-access rail-port network, using its joint bid for Aquila Resources as the spearhead.
The prospect — or threat — of an alternative rail line shouldn’t harm Brockman’s negotiating hand.
Brockman is seen as having a good chance of success because, unlike the BHP Billiton and Rio Tinto lines, Fortescue’s rail is subject to a WA railways access code.
Given that, we rate Brockman a spec buy, admittedly an about-face on the avoid call we had on Tuesday.
- Forums
- ASX - By Stock
- BCK
- court mediation 8 may 2014
court mediation 8 may 2014, page-3
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCK (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $157.7M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $629 | 36.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 148838 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 148838 | 0.017 |
1 | 100000 | 0.015 |
2 | 264285 | 0.014 |
1 | 76999 | 0.012 |
1 | 100000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 200000 | 1 |
0.020 | 320000 | 2 |
0.021 | 90191 | 1 |
0.023 | 156719 | 1 |
0.024 | 830194 | 2 |
Last trade - 13.55pm 26/08/2024 (20 minute delay) ? |
Featured News
BCK (ASX) Chart |