Oh here we go. Due diligence.
Like Clive Palmer getting $400m for cape Preston or Tony sage getting $300m for cape lambert. Spare me the nonsense. I can assure you the level of technical scrutiny by the Chinese / Japanese was minimal and they bought rubbish to 'get a foot in the door'. Bean counters make the investment decision.
Colin Barnett wants the Midwest opening up and generating revenue. The commercial viability is not a government concern. They are willing to chip in say 10 or 20% for infrastructure which is 100% fixed and in WA. Where is the risk to Colin Barnett ? I don't see any. He gets oakagee and a heavy haul rail line for a fraction of the cost. The people with cold feet are Chinese government enterprises that are blowing $$$$ at cape Preston with nothing but delays. Colin Barnett could eat a puppy dog and we would still love him in Perth.
If all is sweet in the Midwest explain why MMX has gone from $6 to 40 cents ?
Oh here we go. Due diligence. Like Clive Palmer getting $400m...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
