takeover ?

It would be interesting to know what the commercial reasons were for Xstrata - Glencore not taking up the option .Obviously the price was too high . It would be enlightening for shareholders to be informed . AOH is now even cheaper for a takeover . A JV by AOH would probably still require share holder dilution. Boliden or the Germans could be interesting JV players for Queensland . My guess is a big share issue will be involved unless AOH is taken out sooner - sooner than later.