Not a too far out there suggestion, everything and everything has just about been covered.
One thing that sticks in my mind was an article in the Fin Review when the CRM deal was done I think that Barry mentioned currently CRM did not have any contracts with the majors or just BHP specifically, Can't exactly remember.
Anyway Twiggy took 50% of BCI so Can't seem too harsh a deal if that was it takes to get a rail deal.
Would send a clear message to the rest of the juniors with projects wanting to get rail.
Taking over companies that want rail is not a very goodwill gesture to seek approval for the pending JV.
BHP take THX stake and another 160M shares @ 1.35 would raise all the capital needed to finance the project.
Anyway when she opens next week I now we are going to be a lot higher than our last closing price.
For the ones that hung in there good luck.
Its definately been a testing ride.
Cheers
UMC Price at posting:
91.0¢ Sentiment: None Disclosure: Held
