murchison bid on midwest doomed, page-3

Yeah muscling into what though

Lets all be realistic here and look at whats really happening here

Sinosteel wouldnt sign a binding agreement to access to MIS data room- want interest but not full control

They buy over 10% on market to block any complete takeover on Mits JV , Another mysterious block of 20m shares bought on Friday - 5.60 a share for a company that may or may not win the right to win infrastructure or 4.60 to 5.30 for rights on boardroom , buy over 20% Mis or 10% Mits MMX jv effectively gaining a voice at boardroom decision

Sinosteel has bought a place on the boardroom and rights for future distribution from 2010 onwards on a company thats gurranteed infrastructure - Chineese are long term focused

2.20 last week for MMX its a serious no brainer -