further bids of between $16 and $20 expected, page-9

Patience required.
The game has just started........

Up to six predators stalk Macarthur

* From: Herald Sun
* April 12, 2010 8:23AM

MACARTHUR Coal could have even more suitors banging on its door this week with as many as six real and speculated predators from across the world looking to control the company.

Having postponed today's shareholder vote on a takeover of Gloucester Coal, Macarthur Coal has given suitors time to put up more cash.

And Macarthur investors will be eager to see if Anglo American's coal operation and fellow international giant Xstrata are serious, as well as watching to see if Hong Kong's Noble Group or China's Citic enter the fray.

One investor watching with interest will be Ausbil Dexia's CEO Paul Xiradis.

"The game has just started," he said at the weekend.
"It's a prize asset and people are bidding up for it. As a shareholder, I'm pretty pleased."