Just occurred to me that BRM and FRS (Both under bid by Wah Nam) are the other two members of the North West Iron Ore Alliance. The other member is AGO....
The purpose of the North West Iron Ore Alliance was to own the rights to the Port Hedland Harbour access. If I remember it was for 50-70mtpa of access.
I actually think this puts AGO into a very strategically strong position for potential acquirors as they are the remaining right owner...
Very positive imho
AGO Price at posting:
$2.92 Sentiment: Buy Disclosure: Held
