Onepot,...the merger between CBH and Pem are on tract...none of the large shareholder has objected..esp. Toho which once merged will hold about 16.5% of PEM...and that is why I posted PEM will be a pwerhouse after the merger..Broken Hill will all be owned by PEM...so it looks good for rerating in the 2nd half of the year..buying time for longterm holders like myself