Aquila’s Poli bows to the inevitable

Tony Poli and his fellow directors may have preferred to retain control of Aquila, but the West Pilbara project could not be developed without deep-pocketed financiers like Baosteel.

Confronted by the choice of more than $400 million of cash and the development of a project he’s devoted an enormous amount of time and energy to, or else continuing control of a project that might never be developed, Aquila Resources’ Tony Poli came to the inescapable conclusion.

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