min res half yearly , page-7

From the Min Res presentation, it certainly sounds like they are telegraphing a big investment into an integrated project when they say:

"Balance sheet currently under geared (cash flow positive)"

and then the very next line is:

"MRL can support major, integrated projects within the strategic framework."

From my POV anything that allows IOH to monetise Buckland Hills would be fantastic - but with MRL you get a blue chip partner with a proven track record so IMHO (providing the terms are right) another deal with MRL would be excellent.

Let's not get ahead of ourselves re: takeover - I doubt that management or Stokes want to sell the farm - they want to milk the cows IMHO.