Increase capacity when he has no market for the surplus tons in Australia.
It's either BS or he'll go broke, if it was so easy as just making more tons and extra demand so strong BSL or Posco would have purchased it rather than coming down to a dodgy equity group lead by former GSO directors and the Guptas originally the non-preferred bidder who threw some extra cash in at the last minute. Some sweeteners also added by the SA and Federal Government.
When you consider the Arrium DOCA was coordinated by the same lawyer who represented Bill Shorten free of charge at the RC into Union corruption you can't really expect any other outcome then what the Union reps accepted and pushed onto their members. The marches, tree planting and BBQ's are a nice touch of spin.
This will all end badly, potentially worse than Griffin Coal.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held