Nothing too interesting from the presentation except and update on Ridley.
- There are 3 key players interested in Ridley (Chinese state owned enterprise, Japanese steel mill and an Indian Saudi group).
- Transaction is 'Coming to a head' and will be completed in second quarter.
- Wodgina has only sold 30% of off take and held off on selling the rest (which could have been sold off 5 times over), there is 'potential' to use remaining off take to sweeten Ridley deal or sell on the higher priced spot market.
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- presentation from 1.45 today
Nothing too interesting from the presentation except and update...
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