suggets a rival bid from a major Western mining company is not inconceivable.
Article also says that Xstrata has entered into a pre-bid acceptance agreeement with Zijin "in the absence of superior proposals" in relation to its 19.9% shareholding in Indophil.
Rene Rivkin was a smart investor...his modus operandi in takeovers was "the first bid is rarely the last."
I've bought more Indophil at $1.215
IRN Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
