Aquila: Show me the money

AQUILA Resources chairman Tony Poli says the company is seeking legal advice after Pasminco failed to pay it a $ 3 million break fee incurred when MIM Holdings pre-empted its bid for Pasminco's 49% share of the Ernest Henry mine.

MIM on Monday said it would match Aquila's $150 million bid for the chunk of the Queensland copper mine it does not already own, sending Aquila's shares into free-fall.

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