afr streettalk sat

Not a lot new in a decent piece other than:

"Speculation points to an approach from either BHP or RIO but the louder rumblings are around BHP"

Goes on to talk about railway and the huge synergies available to BHP...

"Despite recent suggestions that negotiations are going badly, this massive synergy is a big incentive to both sides to get the deal done."

"From BHP's perspective its hard to see BHP proceeding with anything other than an agreed, knockout bid"

Yep, well I still reckon thats between $2 and $2.20.
Doesn't sound like the boards caving in for $1.30 does it?