"You are not thinking long terms like a CEO material
The World Bank predict an averaged IO price of US $70-75/tonne for 2015. They may not have much of a choice if wish to stay on as an IO exporting business, or just simply missing out the opportunity in 6 months time.
The net debts of A$169mil is not a big deal for AGO when you compare with others. Do you think AGO will die ?. The risk is less than FMG folding up."
ML, I'm thinking as CEO material. AGO uses TRUCKS and very expensive. Do you know how much for AGO to build railway? BCI would do anything to use FMG's railway. Would you buy a company that is high cost, use trucks no railway & high debt/equity ratio?
How often World Bank's prediction is accurate?
Besides, AGO, MGX & BCI absolutely no synergy among them (only saving a bit of admin cost ie saving $2/t). BCI is better off takeover FMS for tiny money since FMS has no railway and BCI can use FMG's railway to run FMS's ore, which is massive and higher grades.
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