Is this a very similar situation as a lending entity might find itself in by borrowing short and lending long?
Or the "highly successful salesman" who sells a million of his product but supplier can only find half a million.
In this case it seems Todd has committed heavily on rail and port infrastructure. To convey iron ore from a mine to a port for shipping overseas. They convinced landowners, approving authorities, and many others the project will be a great success.Very heavily committed, millions spent. But, now in retrospect they find they do not have control as they would want of the iron ore! What a stuff up! Great planning. Build a railway and port then go find the ore.
HINT. There is a way out. Respect the rightful ownership of about 54% of the PIOP and award to these owners a proper deal that reflects the value of the PIOP.
FMS Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
