drift back will not occur

This mornings latest

Garimpeiros view on the offer can be seen as the second item in his article today in The Age:

http://www.theage.com.au/business/new-producer-nudges-into-coking-coal-market-20101114-17sp0.html.


Kagaras bid of 11c per share is much too low!

The Independent Expert has valued Copper Strikes shares at between 26c and 45c, with a preferred value of 35c per share.



The currently buoyant price of copper (currently $4 per pound compared with the experts assumption of $3 per pound), indicate that this offer price is even more inadequate than these numbers show.