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10:01
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Originally posted by clatty:
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"Mineral Resources (ASX: MIN) is a 19.9% shareholder in WC8, but with a stretched balance sheet (~$3 billion net debt), selling its WC8 stake could free up >$100m cash. As an aside, we think MIN could use the stake to negotiate a profitable, mutually beneficial mining services contract. Some interesting thoughts here given Matthew Banks recently said they will go it alone. No doubt AJ will get the best value for the quality asset. Intriguing to see how this one plays out. Bring on the MRE!
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Another great article,
(20min delay)