Ann: FIRB Approves WISCO Investment , page-7

Great news.

Thanks to those posters who added value to this forum prior to me getting on board. As always, your valued posts assist others in their research.

I suspect low to mid 70s will be the mark today, just because the market is a little wary.

But, those valuations, based on the cash to be received, and hence the implied value of the retained portion of the asset owned by CXM are now well and truly valid.

This decision also bodes well for the outstanding Baosteel decision. You can mark that one down as a done deal also.

Having said that, I will take a few profits now (As I bought in around 30 cents), and let the rest ride longer term.

Cheers,

Y