AOH 0.00% 12.0¢ altona mining limited

xstrata or not xstrata

  1. 907 Posts.
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    There are three possibilities. 1. Xstrata walks away and Altona bears the cost alone, probably financed in part from Finland and part by debt. But very soon it will clear the debt and be earning, after costs, something of the order of $200M/yr from Roseby alone. 2. Xstrata buys ALL of Roseby and Altona gets a bucketload of cash that immediately puts it in a powerful financial position to buy into other projects and able to pay dividends. or 3. Xstrata buys 50% of Roseby and it is still win-win for Altona. Anyway you look at it, the possibilities are good.
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