Pete, I know that what PL says can be taken with a grain of salt but I was told that there are other suitors that have looked through the economics of the Garatau project and have indicated that they want to enter into immediate negotiations if Xstrata decide to walk. I was also told that there would be a trading halt if this event happened. This is why I cannot see the price retreating to 42c and I'm using cash now to top up on weakness.
NKP Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held