Buddy,Any response from the ASX yet on lodging a change in...

Buddy,
Any response from the ASX yet on lodging a change in holding form from Jinchuan?

I agree with you. The AGM takeover has been one of the most unusual I have seen. The buying at $1:105 has had lots of speculation by lots of people but no evidence. We may never know.

Also, if Teck was to look at ZFX, there would be some irony in that. I suspect though, that if Teck launched a bid, they may have difficulty in getting it accross the line. I suspect that ZFX holders see greater value in the merged group. The bid would need to be big enough to compensate ZFX holders for the development pipeline that the merger with the OX gives them.

I suspect that investors are much more savvy now about the Resources boom and you will not see another MIM or WMC fall at the same small multiples again.