indian coy looking at srz iron ore, page-11

have to agree - even from the view that when the news became public there was action on LCY and MAK yesterday but pretty much zero on SRZ.

Although someone has been loading up on open for the past few days suggests there is some truth to the story.

Also the article states the $130m is between 2 projects - ie lcy and srz. The article also states the funds would be paid from internal accounts which suggests their will be an upfront cash payment of some sort.

Given SRZ only has a m/cap of $20m I am struggling to see how the current srz m/cap won't be supported by cash in the near future.

Of course the devil is in the detail and no deal has actually been signed etc etc etc.