RE:RE:RE:RE:RE:RE:Port. Power Grid. Then what??? i'll turn this around --- and state if Rio TRULY believed in Copper prices going up significantly from today's price --- then the payback on the buyout announcement is an greatly increased future cash flow.
Totally agree --- plunking down $500M today for Casino (which is about $3 USD per share which I believe the BoD would take to a vote -- -yes go ahead and crucify me you double digiters)....would not yield a CASH FLOW for 5+ years. However, the investment isn't LOSING money every year if they truly believe Copper will be $5 in 2024 and $6 in 2025 and $7 in 2026, etc.
Their "dividend" on that $500M is coming from metals price appreciation.
What does Rio want? Well it seems they want the cake and eat it too. They want to buy Casino when everything derisked, copper at $10 lb, etc etc....and oh btw they are not willing to chase acquistions in a "hot" environment. Go figure.
I don't have great answers --- other than what Paul stated to Rio --- that we do NOT want to continue extending 18 months every time rights expiry. Now...does he have any cards to play to stop that from continuing????