The Chinalco deal will go through imo but with modifications. Oz...

The Chinalco deal will go through imo but with modifications. Oz cannot afford to upset China too much. Maybe reduced stake to 15% and balance funded by upset UK institutions - one or no directors - no sale of direct Pilbara assets to them (that really is selling the farm). Meanwhile BHP must be lobbying the Government behind the scenes and saying 'We will pay the same price for that IO ground". Perhaps a new BHP bid for Rio (bad for UMC holders imo as reduces the potential bidders for a Railway deal). Assuming Chinalco gets most of what they want Rio will be cashed up - and looking around - they have pegged right down to Railway after all. I still feel that UMC may get a rail shipping deal with one of the Three at the end of the day - means more work for the directors as they will have to become miners rather than explorers - but that is what the game is all about at the end of the day. The new IO prices look fine for the miners. Just means it will take longer to see the full share profit potential - but the flip side is that the share rice would eventually be higher into the $3.00/$5.00 slot imo. Maybe the grandchildren will be getting the new cars.