higher io prices for 2011, page-9

i'm not sure its noble buying. they'd run into issues involving gaining effective control (under the corporations act) of an australian company at over 20%, and they could convert up to $21m debt to equity instead of putting more cash into a high risk company. DCM would be very close to pushing over the 15% that triggers FIRB approval. my guess... crawley resources, teaming up with DCM to upset the apple cart. its a play that's looked quite juicy for a while, its all wheels within wheels, and michael's been a bit too quiet recently. TTY isn't far away from being a significant cash-cow for someone over for a year or 2, so long as all the ducks line up, and it doesn't all disappear into a muddy hole in the NT.

who knows, a bit of action might well give the s/p a lift.