Commercially, Mitsu and MMX don't care about whether Sino paid too much for Weld Range. If the new Oakajee structure is finalized and the tariff is acceptablte to all, then Oakajee is a done deal.
MMX will put itself on the market as a derisked asset.
Sino may not be the only potential suitor. Posco or Mitsubishi could also snap up the other 50% of JHEP.
The only reason (bit if a chicken and egg conundrum) that MMX can't get ant suitor to commit is that Oakajee (as of this point in time) is uncertain. Also, the economics is all based in the Rolls Royce vcersion (which we all know will not exist post Decemebr 31st).
Post December 31st, MMX could be something fought over by multiple suitors once clarity is achieved.
We are just weeks away.
Commercially, Mitsu and MMX don't care about whether Sino paid...
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