Look at the pathetic amount being offered for BCI, an iron ore company that is just starting to ship product...all the hard work is done and just on the cusp of revenue, divvies, rerating etc they SELL the company!!...amazingly the board is recommending the pathetic offer be accepted!!
The question is WHY?
The answer is simple...they dont have their own rail.
They are at the mercy of FMG and the cash (albeit a pathetic amount) is too tempting.
If they had their own rail would they sell out for so low?...would they sell out at all?...
Very curious to see how BRM solve this same problem..
Lots of lessons to be learnt for DMA holders.
lessons to learn
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