Aquila is very litigitous no doubt about it. Just ask Vale and AMCI. But they are caught in a bind. Their IO project IMO will not get up for a long long time if they still want the Anketell option. FMG won't touch it anymore. There is simply no means of financing such a project.
Hence a low capex solution to get AQA ore (working with IOH and possibly MINRES) makes sense.
But you are on the money about the Chinese who have very different appreciation for universally held concepts of business ethics, rule of law, trust, exploitation and morality.
Some say they are worse than lepers. Must give them a very wide berth unless there is absolutely no choice.
I don't disagree with what some say.
IOH Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
