gindalbie considers small oakajee stake , page-2

Obviously this by itself is not the solution to OPR's funding woes but I do find it interesting they are basically gravitating towards a Queensland solution like the CSG-LNG and new coal export terminals.

Firstly it looks like MMX may sell down a stake to an ore buyer, as Santos and Origin have done.

Now we may see foundation customers taking a small equity stake in the project as they are with Wiggins Island coal export terminal.

The irony is this could have all been done right from the start and saved everybody a lot of trouble. PK knew for months MMX couldn't fund OPR itself and never admitted it, yet within 24 hours of the new team taking over they set the record straight.

Doesn't bear thinking about how things might have turned out if POSCO had taken a stake six months ago and SMC and Gindalbie were both invited to take a small stake as well. It never needed to get to this.