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Aquila Resources executive chairman Tony Poli.

Clock ticking on Aquila takeover

Aquila Resources will respond to a $1.4 billion joint takeover bid from listed railway operator Aurizon and Chinese steel giant Baosteel within the next two weeks following the dispatch of a bidders' statement today.

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Karratha
Tony Poli and Aquila can`t be the dog in the manger. If they can`t fund the mine creation as well as the rail and port infrastructure that will maintain thousands of construction jobs in the Pilbara they should not be allowed to frustrate someone who can. This has been dragging on for too long and it is causing problems for the continued orderly development of Karratha in particular and the Pilbara in general. Pilbara Cities will remain a pipe dream unless this major development is started.George Cook Karratha georgecook54@hotmail.com

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BNIQ sponsored byLR Hotshots

Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
36thEvolution Mining105%15%
304thAurizon-1%12%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

31st-Aurizon$3,458.0m
51st-Novion$760.3m
54th↑Evolution Mining$666.3m
59th-Sedgman$359.3m
61st↑Ausenco$252.8m
80 listed non wa companies ranked by revenue.
Source: Morningstar

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