RE:RE:RE:RE:RE:RE:RE:Port. Power Grid. Then what???I followed up my email response from Paul with the below. I'll share if i get any feedback. Probably not...but at least i've conveyed my frustration so i feel better --- haha!!!
------------------------------------------
Thanks for the feedback and insights Paul.
I understand Rio is looking out for their shareholders and they are NOT going to pay anything more for WRN than they have to and they likely will continue dragging this out until everything is derisked? I mean --- I understand they want “clarity” on the port; and roads; and grid connect; etc….but what exactly does that mean? Do we even know and does WRN management have a checklist (an objective listing of tasks to check off) on this???
Hopefully derisked means there is a plan for the port (or does Rio think that it means the port is built)?
Does Rio definition of road clarity mean roads built…or that the road plan is in place?
Does Rio want a BC grid connect plan…or do they want the grid build?
Does Rio want permitting clarity to mean “fully permitted”?
Just kind of confusing on this. I mean is Rio not willing to take any risk at all???
Sorry – I’m skeptical that Rio is doing anything other than what benefits their shareholders and getting hooks into WRN to acquire at the lowest possible price…likely continuing to drag out until they feel it’s the lowest price (risk reward) possible. I trust management is working on OTHER options, so Rio isn’t the only party holding any cards in this negotiation! I would have thought other CA’s would have born some fruit by now….