romania copper privatisation, page-44

Ville,

Good assessment, good to see we're not offering silly money for such potentially troublesome assets. The price paid certainly appears to highlight why TB needs to remain disciplined and patient in his quest.

And as I've said before, if they can't get the growth projects at a value adding price, then there is nothing wrong with returning cash and shrinking the company around the very good asset we have at PH.

Thanks for all the research you've been sharing on the Romanian sale.

EL