I have been in SRK for a long time & i am waiting patiently for...

I have been in SRK for a long time & i am waiting patiently for $10.00 plus, bring on 2010/11.

I believe SRK will be taken out before this can happen & the offer will be $4.20 to $5.00.

I am hoping SRK tells them to ram it.

BHP Billiton Limited (BHP $43.24) – Bid for Rio Tinto Limited (RIO $113.40)

Implications for the sector

Sector implications

We expect this announcement will translate into a significant re-rating of the Australian mining sector.
We note that Anglo American (up 15%) and Xstrata (up 11%) both reacted positively in the UK post the announcement.
While the entire resources sector is expected to react strongly, we highlight the iron-ore sector as particularly likely to benefit.

The most likely beneficiarie are outlined below.

Preferred pick – Small Cap

Strike Resources Limited (SRK) - $2.29 – (Market Cap $234M)