JoJo,I think you are right about Xstrata not buying on market...

JoJo,

I think you are right about Xstrata not buying on market --- I would have presumed they could have bought @ $23 --- but that appears to not be so.

20.5 million shares acquired from JBM executives as a result of their agreement
1.1 million shares as a result of acceptances of takeover offer.
Total 20.6 million shares as per todays -- Change in substantial holding notice.

Substantial Shareholder notices from Xstrata:
30/10/07: 20.5 mil shares (15.7%)
20/11/07: 20.5 mil shares (15.72%)
21/11/07: 20.6 mil shares (15.82%)
26/11/07: 21.6 mil shares (16.54%)


JBM shares traded for the weeks ending:
26/10/07: 7.8 million shares close $17.10
02/11/07: 25 million shares close $23.55
09/11/07: 8.2 million shares close $23.32
16/11/07: 9 million shares close $23.13
23/11/07: 8.2 million shares close $23
Total traded: 58.2 million shares as of Friday night.

Over 3.5 million more today and price @ 23.03

There are only 130 million shares (+ options) --- I wonder where they are?


$23 is not enough in my humble opinion ---- I don’t like these agreed deals ---
Still peeved about the WMC/BHP deal ---- they took us for a ride on that one.

The other gripe of mine --- we should be given a script option, to have at least some chance of managing our tax affairs.

Regards,
cy7.