announcement out on asx , page-124

spot on BT...brilliant summary

I have always pictured this tug of war going on between TP and Wood...one wants to mine, the other to cash in, to find another site somewhere outside Australia...and to repeat the process.

Quite frankly, I think Mr Wood might be reading the situation with AVB a bit better than TP

I have also often made the point that posters are delusional if they think Vale and Xstrata are some sort of guardian angels for AVB...They are business people and did not get to where they are by being naive.They will use AVB for what they can get out of it and they will play hardball while doing it. Xstrata is not a cornerstone investor....they got AVB to do their dirty work at PB and have hedged their bets.Either way they seem to come out on top.