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 -
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