The ramifications of the takeover of AQA by Baosteel and Aurizon can only be positive for HLX and other participants in the AQA/AMCI West Pilbara projects.
I understand from HLX's announcements that the development of these tenements has effectively been stalled by disputes between the joint venturers AQA and AMCI.
Once AQA is controlled by Baosteel and Aurizon, these 'disputes' may end and we may see some swift progress.
I am otherwise quite content with the position HLX is in, i.e. its funding and project development, so I continue to hold.
takeover of aqa by baosteel and aurizon
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