Interesting article this weekend - Business Metals ills set predators circling - a quote from this article - The falling share prices have further lowered the profit to earhings rations of miners which are set to report record profits this year and made them all the more attractive to opportunistic buyers. The most aggressive player in the sector has been XSTRATA, although Brazils CVRD and Canadas teck Cominco are alson the prowl according to Mr George. There is more also mentions that XSTRATA wants short-term capacity growth to take advantage of strong commodity prices.
XST Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
