Bci's last plan, after shutting down the NJV, involved taking...

Bci's last plan, after shutting down the NJV, involved taking Watpac to court to recover amounts allegedly owed to them under contract. Subsequently the responsible CEO was sacked and the new CEO negotiated out of the litigation.

Mgx have had no plan post the sea wall collapse on KI, other than to negotiate with insurers. In fact, i would go as far to say that the sea wall collapse was actually a blessing in disguise for them. It got them through the IO price collapse with a legitimate excuse, and as a result handed them a nice cash payout for them to sit on, with more to come via the BI settlement.

Their only real "decision" was to accept the cash rather than instruct the insurer to rebuild....

Allowing for a bit of luck with the IO price over the next year or two, both co's have a promising future...