It's about brand presence, if you watched the telecast last night their logo was everywhere particularly while the Scorchers were fielding. It's not about giving back to the community really (even though they are involved in alot of projects doing just that in Port Hedland), its about getting a return on the income and building brand awareness. Smart move if you ask me, also shows that we are moving into a new mind set within the company, not so much of the small company thinking. Call it daring to be large if you will.
I wouldnt say management are distracted at all, more than focused on getting that 12mtpa and have acknowlaged that really they need a rail deal to really get things going.
As for the Scorchers last night, disappointing is all I can say!
AGO Price at posting:
$2.67 Sentiment: LT Buy Disclosure: Held
