Gina Rinehart has crushed a takeover deal that would have seen Tim Goyder, a well-known mining exec in WA, collect $1 billion.

Liontown Resources has sunk more than 30 per cent today and Tim Goyder now has to work out what Gina Rinehart’s ultimate plan is.

Senior Chanticleer columnist at the Australian Financial Review James Thomson explained the situation when he joined Julie-anne Sprague on 6PR’s Afternoons. 

Press PLAY to hear the full details

Photo: Nelson Ching