Come on guys.Do really think Xstrata would be interested a 50%...

Come on guys.

Do really think Xstrata would be interested a 50% ownership of Crosslands? or simply its magnetite product, which is low grade?

Xstrata took out Sphere Minerals in the past. It will make more sense for Xstrata or Anglo American to go for SDL, yet they have not done (which SDL has a better product than MMX does).

If India is a large exporter of iron ore, would they want to takeover a failing "high cost" MMX? I don't think so. Indian companies presence in Australian iron ore is very low compared with Chinese companies. Only one Indian company has a 50% interest in LCY.

Vale being the largest iron ore exporter in the world, would they want MMX or magnetite? They have enough funds to takeover FMG or AGO, which have higher grade hemitate.

The only parties I can see in this is POSCO or Mitsubishi or Chinese entities.

Firstly when the trading halt mentions sale of all of Crosslands, that rules Chinese companies out. I can't see the Chinese interested in Crosslands, rather they want OPR.

GBG is not on trading halt, so Karara Mining is not a buyer of MMX assets. Unless its just Ansteel, with no GBG involvement.

But I don't think CIC, Ansteel, Sinosteel interested in Crosslands.