Note the announcement to the market today by WPG, that the Defence Department will oppose the WISCO investment in WPG, due to their Hawk's Nest deposit being within the Woomera Restricted Area (which caused the problem with the OZL Chinese investment).
I only mention this here to point out that no such issues exist for the WISCO investment in CXM. (And I believe that based on price and value, CXM is the superior investment to WPG in any case).
The FIRB WISCO approval must be due any day now. The original application was submitted on July 21st and was "expected in August", and it has been resubmitted (without change required).
The Port Lincoln export approval must also be due any time. It has been on the SA MInister's desk since the positive DAC recommendation on 21st July, and so has been THERE FOR over a month.
IMO, CXM will appreciate sharply on positive news on either of these announcements.
Y
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