finally another bidder emerges -bring it on!!

Where there is smoke ...

Finally someone is being smoked out to touch along SMC and Xstrata.

http://www.mb.com.ph/articles/312465/chinas-zijin-still-pursuing-indophil

This may make the Phillipino Government clean up the provisional b-s and get some economic value out of the country's resources. SMC will have to step up to the plate and not "stand alongside the Government to get IRN as it sinks into the swamp".

This should see the price of the shares back up to $1 and put the premium on SMC's position. IMHO.

Phil