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10:25
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Originally posted by acecant:
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$10m, $20m is nothing for BHP. If you think APG was/is the only company they put money into you are very wrong. They have many of these investments. Obviously they realised it was not going to be able to deliver what they initially thought and quickly ceased supporting it. If it could, they would have bought it out and and applied the necessary finishing adjustments. it’s how BHP works.
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For the record, BHP left not because they did not like the technology buy they have pulled out of the mineral sands business. BHP was in for the TiO2, it is Bluescope that is interested in the iron recovery. I think Bluescope is still in the loop but we have nothing much to show them.
