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clock Created with Sketch. 14/11/19
19:56
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Originally posted by Killa68:
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Has always looked to me like they were to get the PIOP, then effectively get the Chinese partners to bankroll the balance for 50% ownership of the port, rail and mine. This latest thought bubble carries on that belief. They get 60% of NewCo upon FID and surprise surprise they can hand over 50% of that to non voting partners (at what price i may ask) and they retain 10% equity but 60% voting. They then hold 56% of the remaining 40% holder (FMS). FMS minorities will be sat on the shelf and from that day forth will never have any say ever again.
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the new 'independent' directors would have to have been onboard with the big picture TIO have, before being appointed or they wouldn't have got a jersey, just my opinion and could be totally incorrect but I'm yet to see any genuine turn around in the direction this whole debacle has been going
(20min delay)