With up to 10 interested parties now circling, it is indeed quite possible that Xstrata may be one of them, given their recent interest in other iron ore juniors.
That said, given Xtstrata's track record with ruthless "dawn raids" see http://www.thisislondon.co.uk/standard-business/article-23562442-market-turmoil-scuppers-xstratas-5bn-lonmin-bid.do
I think we should all be very careful at drawing any conclusions from recent stock price movements.
Perhaps now isn't the smartest time to be selling.
PLV Price at posting:
24.3¢ Sentiment: Hold Disclosure: Held
