is a friendly t/over @ $1.40/share possible?, page-10

Robworld,

I used the incorrect terminology when I said freindly takeover...more like negotiated asset sale.

I think something could come out of left field like a joint venture between Xstrata and Zijin Mining Group to develop Tampakan (Zijin Mining to provide the bulk of the $5bn development costs)and Zijin purchasing Indophil's shares in Sagittarius at a cash cost approximating $1.50 per Indophil share. This would leave Indophil cashed up and free to move on to other ventures

From an earlier post:-
http://af.reuters.com/article/metalsNews/idAFMAN43183720091015

"China's Zijin Mining Group is eyeing up to $1 billion in investments in gold and copper projects in the Philippines within five years, the Philippine environment secretary said on Thursday."