They're not selling it to MFC. They've put Hellyer into the...

They're not selling it to MFC. They've put Hellyer into the hands of a broker (Royal Bank of Canada) to sell off via a tendering process. I fail to see why this would concern MFC, yet MFC have included the planned Hellyer sale in their list of ASX announcements.

They obviously need money pretty urgently, therefore whatever deal they are trying to finalise over the Metals Recycling Project does not involve a consideration for Intec's operating capital needs.

It's a poor price they received for their stake in BSM, when considering what they paid actually and notionally for it (in the spin-off of Hellyer land assets into BSM)

It goes without saying, that it is also a poor time for selling the Hellyer mill, tailings dam, and other infrastructure. Also there's the complication of the toxic EAFD that is stored at Hellyer.

Its like their business plan is unravelling at first glance.