Precisely, rail !
If BRM is not own by the Chinese commies, FMG will have already struck a deal with BRM. Now that we are majority owned by Wah Nam kiss goodbye to that deal.
Had Wah Nam been successful in also taking over FRS, there would be the economy of scale to build a chinese rail line to Port headland. Now we are all alone without a date.
Without rail, the BRM project can't get up.
If the project can't get up, AGO will demand our port allocations. This is a double whammy.
Hence, our share price is going to test the GFC lows. Can't see a circuit breaker.
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