afr street talk:more on future strategy

Very interesting article in the AFR today.

- Final bids due this month for the satellite sale
- 3 or 4 Chinese bidders said to have dropped out, but the usual suspects still said to be interested - BC Iron, Wah Nam and Chinese companies, potentially also BHP, Atlas and FMG
- Talk with RIO re Phils Creek broke down apparently because IOG wanted to pay RIO 60 to 70% less than the very best tender received for trucking the ore to its rail line and shipping to Cape Lambert (WOW- we were playing hardball! This has to have been a big strategic mistake in hindsight given the benefits of early cash flow generation)
- IOH likely to sell all tenements to one party, with a view to farming out all projects eventually
- Stokes is keen to be a minority party in a cash generating asset (i.e. between the lines come in big spending suitor or equity for infrastructure deal)

Might be seeing some short term catalysts...