xstrata getting nervous

It looks like xstrata is feeling that its running out of time as their shareholding in JBM does not seem to increase after the directors have handed over their holdings.

They are getting nervous and have lowered their conditions.

I assume that WMC is still printed fresh in their memory and that they would not also want to lose JBM to another potential bidder.

Its also good to see that the shareprice has gone up a little more above the $23 mark.

And a healthy share turnover to round it all off.

Interesting times ahead.

jojo