chinalco says looking to buy mining assets, page-5

vesnag,

I beleive at the moment the sp is being held hostage to the scrip offer for the zfx merger. It was close to the $4.00 mark before the scrip merger announcement.
We had reports overnight that CHINALCO is looking to purchase copper assets, we also had reports yesterday that China would be increasing it's copper impoerts by 20%, and we also had copper prisec higher overnight on the LME. These should have been enough to put a light under the sp. But unfortunatley it is being tied down to the scrip offer.