interesting article from xstrata, page-36

I agree with the posters that probably XStrata will not act before June 30th. In this market there will be few competing for a take-over of the company. But if in six months the SP is still low, the large investors will lose patience and want to exit, and the price will plunge even lower. Then the few conmpetitors for a take-over can slug it out and pick it up relatively cheaply.

The only answer is for AOH to commence its own development with its funding from Finland, plus extending the size of the Roseby resource by further exploration.

Just as AC picked a cheap mill in Finland, if market conditions deteriorate, a cheap mill may become available to buy, and lower the cost from $320M to a more attractive $200M - $$250M. If the investors can see development, then the SP may rise, and taking on debt becomes possible. AC may only have three to six months to act.

Just a fanciful scenario - or a possible strategy?