investor update pres. - sale of ccp to xstrata, page-8

Tweets,

This part in the open briefing suggests that IVA is broadly in support of the sale:

"Given the close proximity of the CCP to Ernest Henry, the sale of the CCP to Xstrata is not an unexpected outcome. We believe the vast majority of our shareholders, including Ivanhoe, have viewed it as a logical move. We of course sought Ivanhoe�s support, as a major shareholder, for
the sale of the CCP during the lead-up to the finalisation of the APA with Xstrata."

Interesting trading today, right at the open, a whole line of support was removed from the bids (simultaneously):

[URL=http://s978.photobucket.com/albums/ae270/sirjohnnyboy/?action=view¤t=Exs9thMay2011.png][/URL]

I suspect this was designed to give the appearance of a loss of confidence, despite the SP continuing to be supported. Shares were bought from off screen using bots.

This also means that the sell side may have been stacked to complete the deception. In fact a line of support has been removed from the sells at the close of trade.

I anticipate further strengthening as the presentations get underway from Thursday in Perth and eastern cities next week. Have confirmed my attendance in Bris Mon 16th.
Cheers all,



John S.

Just my take on things....