borehams comments from the strine, page-6

Graham

It is simply a question of how long IRN shareholders can last before Xstrata's offer is accepted ($2 - $3???).

This is a very good situation to be in.

LST shareholders will accept IRN's offer IMO - the Director's of LST have played this poorly and have nothing more to offer - unless Xstrata increase their offer from $1, but having said that, LST shareholders will do better selling to IRN no matter what the offer is.

If IRN shareholders hold off for a while (another 12-18 months I hope) we will do very well out of this.

Make no mistake, Xstrata want 100% of Tampakan and they want it sooner rather than later.

Bring it on.

Phil