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Taramaya,I agree. TTY have mentioned further acquisitions since...

  1. johnharris
    150 Posts.
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    30/10/09
    18:45
    Post #: 5856568
    Taramaya,

    I agree. TTY have mentioned further acquisitions since April/May this year. With the increased role of Noble and its new 10% shareholder it makes sense that they are looking in that direction. It would be an indirect way of increasing foreign ownership of Australian Iron Ore reserves when more direct methods (albeit on a much larger scale) have failed. The funding on any acquisition would be an interesting question.

    Just my gut speaking.
    TTY Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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