My understanding is if no one builds oakagee the state government pays the owner $78m for the port and rail scoping studies and intellectual property and sticks it on a shelf in the state development office. This will happen end of December if an extension is not granted.
The Mitsubishi bid is a fake bid and it hasn't worked.
Holding through december would make a prize bull view you as a truly ballsy individual, and there's no mistake. So many things have to happen for a successful acquisition I'd rather put my money on how long a snowball would last in hell.
MMX Price at posting:
38.5¢ Sentiment: None Disclosure: Not Held