I agree. This sounds more and more like a consolidation story and looks most likely way to get full value for all stakeholders in the mid west. GM has already stated he thinks solution for mmx is a corporate transaction as opposed to asset transaction
http://www.businessspectator.com.au/bs.nsf/Article/Oakajee-Murchison-sinosteel-OPR-greg-martin-pd20110708-JJN4Z?opendocument&src=idp
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- pk is not useless ! crunch time for sino imo
pk is not useless ! crunch time for sino imo, page-23
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