mining jabiluka buy stealth?, page-8

"but it also has plenty of cash"

but that cash has already been spent (earmarked for essential works) so there is no pot of Bondy style Bell Resource gold here for RIO.


"particularly now ERA has pushed through the pain of years of low hedge prices"

I have not kept up with this aspect of ERA for at least 3 years so things may have changed (& I'd be happy to be corrected), but ERA has never in the past released any details of any supply contracts they have & this includes length of contract, price structures or tonnages.

& as stated before, I find it unusual at least that ERA appointed RIO (a competitor in the supply of U) to negotiate their supply deals, notwithstanding RIO being the major shareholder of ERA.