Agree disappointing result but I must say not unexpected as the numbers to get to production just don't add up.
LT holders need to take a serious look at the likelihood of any party being able or willing to finance the +$3B capex Hawston Project with a federal govt determined to scare off foreign investment. Seriously would you risk that amount of capital or just buy it off Vale given the track record of such projects in Aust over the past 5 years?
CAP Price at posting:
25.7¢ Sentiment: None Disclosure: Not Held