Rio has organised JV with Chinese steel works.
Rio will have 54% equity. Figure rings a bell?
It should be noted that Rio pays Gina some $100m in royalties and dividends to SH,
Organisations we deal with like to scrap SH for own purpose.
Re FMS the market seems to have spoken, it doesn’t like the deal and can see through it. Nothings changed with the T organisation. Something else will come up.
IMO the current price looks good. Yep I couldn’t resist.
One additional point. On the ASIC site re complains I typed in the WA address and it asked level 1, Level 2. Level3 or level 4.
Can someone in WA check it out.
Shore they are working hard for non T shrelholders.
Just waiting for an error in letterhead.
GLTA it’s a great deposit someone else thinks so because they have spent over $100m in proving it up. Do what the others are doing and buy if you can and hold.
Remember they are the ones with the “big balance sheet” or Sh……T
