ahead of the pack???, page-3

M&A and shareprice interaction is almost an impossibility to predict. I am as upset and under water as most others are wrt the sp; could it be better? Maybe. Could it be worse? Maybe. What can we do about it? Not much.

phrb raises a good point. Holding off on significant M&A seems like a good move, in hindsight, Discovery now looks a bad move, Saudia Arabia copper company has some issues, RXM's share price continues to fall, EQN's copper mine is not profitable.

The only M&A has been Carrapateena, and from where I sit, it seems a good buy. RXM is also a possibility, discussed to death here, but every time the RXM sp falls, the prospect of them being able to raise capital diminishes, the prospect of a JV increases, and negotiating power moves to OZL in direct proportion to the sp falls. As MX has said, maybe TB has the best poker face in the business!!

I am basically in a waiting mode now.

HT1