the only party can keep price down is Todd, and if they do, they wouldn't let your HC promotion run any distance (like whats happened 6 month ago). after spending 70, 80mil on capital so far, they probably want rest of shareholders match up now, I wouldn't be surprised if they manage to push price beyond $1 in line with negotiation with WA government, and then do a cap raise to walk into development stage.
just thought if they want to own the railway by itself, they might as well privatize RTA which would be cheaper for them in a long run, so obviously they don't want to become 70 or 80% register, 50% is enough for them, so the job for them now is to marketing RTA, floating RTA and pushing RTA to a much higher price to capitalise their investment. what you reckon?
FMS Price at posting:
2.0¢ Sentiment: Hold Disclosure: Not Held
RTA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held