My guess’s are, Southdown sale or complete takeover by shagang, Grange will make enough money this year to more than cover the buy out cost, the big push in China is for high grade ore, Shagang would secure this with Savage River and a 70 % stake in Southdown, Shagang has more than enough means to develop Southdown on their own, although they are getting a dividend from Grange, they will not like it being paid out to the remainder of us shareholders, when they can use that money to buy us all out.
Ann: Change of AGM date, page-11
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