AEV 0.00% 0.5¢ avenira limited

MinerAeros - It makes sense, since Agrifos made the play for AEV...

  1. 325 Posts.
    MinerAeros - It makes sense, since Agrifos made the play for AEV despite Wonarah not feasible at these phosphate prices... our company only had money in bank and ~8% JDC equity. To unlock Wonarah it would imply that JDC must be commercially viable or phosphate prices must rise a fair bit from here (i.e. 2007 levels) - which is unlikely. Yet they offered Baobab as part of the deal that in hindsight was pretty beneficial to AEV shareholders.

    Leaves me to believe that Agrifos is making a play in JDC equity and then consequently, Wonarah.
 
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