firb approval received, higher offer coming

Higher prices expected on market, will be putting pressure on NGF to come up with a higher offer.

More Chinese takeovers seen, a joint Baosteel and Aurizon takeover was announced today acquiring iron ore company Aquila Resources (AQA) at 40% premium, this is the ongoing wave of global Chinese takeovers.

1. Landbridge Energy buying WCL $180m
2. MMG buying GlencoreXstrata's Las Bambas copper-gold mine for $6b
3. Sinopec buys into Petrona's Progress Energy Canadian LNG project for over $5b
4. Sinopec buys Russian OAO Lukoil's oil assets in Kazakhstan for $1.2b USD.

Non-Chinese M&A in resources/food:
1. Newmont and Barrick calls off informal merger deal
2. Roc Oil (ROC) and Horizon Oil (HZN) merged at a zero premium tie-up
3. Singapore Wilmar offers 18% premium to buy out GFF

Bring on the higher offer!