Ann: Metro's Second Supplementary Bidder's Statement-MMI.AX, page-4

Yes, after reading the new statement I would say the likelihood of the merger going ahead went from:
"This would be a good outcome for all s'holders" to "This would be a good outcome for Metro SH and a very good outcome for Gulf SH"

@Valin never say never...

If I compare a merger proposal of say two Graphite explores the synergies would not be there as the needs/requirements of the various end users/their customers would be to varied, but looking at Bauxite
simple mining/ shipping process as long as the deposit has the characteristics customers are looking for
then a merger is like winning a date with Celina Gomez and Monica Bellicci at the same time

Low capex, maximize use of staff, equipment and facilities...it's looking promising