IRN 0.00% 29.5¢ indophil resources nl

Only Western companies were BHP and RIO according to my...

  1. 5,867 Posts.
    Only Western companies were BHP and RIO according to my 'sources'.

    Japanese groups had a look, as well as other Chinese groups.

    If true, would suggest that an alternate bid, if forthcoming, would require board approvals from where ever given the ultimate exposure through to final development. Such a response may take another week or two, irrespective of the fact that they would have already been through the data room.

    Personally reckon this offer will be the final outcome given the nature of the deal and Xstrata's whip hand. Hard to imagine RIO or BHP would not require operatorship for example.

    Cheers, TAS
 
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