EXS 0.00% 26.0¢ exco resources limited

initial placement of shares to sin-tang dev..., page-3

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    Sin-Tang deal to take a placement in EXS and work with EXS to fund and develop the Cloncurry project does not preclude Xstrata from dealing. This is a very smart move by management. But they will now have to fly over the top with a much better deal or make a bid + move fast.

    It is also interesting to note that Ivanhoe Australia have announced they are raising $213m and it is not out of the question they could have a swing given Robert Freidlands bullish view on copper.
 
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Currently unlisted public company.

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