It is quite likely that the shoe is, in fact, on the other foot in this example.
ie. RIO gave assurances that it was keen to build an Al refinery and that suited the Malaysian Gov's agenda.
However, as the dam progressed, little agreement was made on the final cost of electricity... possibly a mix of Rio playing hard ball and the Gov. trying to gouge from a weak position.
My gut tells me this is Rio playing hard ball, knowing that the Gov. has egg on it's face with this if they can not find a use for the hydro.
There is even a slim chance that some odd payback is happening here with Lynas, despite it being unrelated.
I'm sure the topic of Lynas came up with the pre FTA discussions, and I am equally sure that Rio would have been mentioned by the Malaysian Gov. as well.
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B |
Open | High | Low | Value | Volume |
$8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7192 | $8.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.10 | 4833 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 620 | 8.050 |
1 | 500 | 8.040 |
4 | 4222 | 8.030 |
1 | 100 | 8.020 |
2 | 742 | 8.010 |
Price($) | Vol. | No. |
---|---|---|
8.110 | 8945 | 1 |
8.120 | 22984 | 2 |
8.140 | 1000 | 1 |
8.150 | 3078 | 2 |
8.170 | 12051 | 2 |
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