no certainty of takeover

Hello Everyone,

(I have been a regular Poster and Trader of MIS since last June,and have obtained some overall Profit during the various MIS Share Price moves.
I sold out of MIS and switched to BLR which has Uranium Prospects in the U.S.A.,a Week before the recent Federal Election because I thought a Labor Victory was on the Cards and this could be tricky for MIS).

However, now Please check out the use of the Words--'Midwest said on Friday there was no certainty'-- and perhaps the Foreign Investment Review Board will come into play here.
I didn't here anything from Labor regarding Foreign Investment Policy during the Election campaign.

Quote:-/'Reuters Finance News, Australia
FINANCE NEWS



UPDATE 2-Sinosteel offers $1 bln for Australian miner
Friday December 7, 2007, 8:04 pm

(Recasts with Sinosteel proposal, background)

By James Regan

SYDNEY, Dec 7 (Reuters) - China's state-owned Sinosteel has made a US$1 billion cash takeover proposal to Australian iron ore miner Midwest Corp (ASX: MIS.ax) , way above a rival all-share offer from Murchison Metals Ltd MMX.AX, as Chinese companies push overseas to secure resource assets.

Midwest said on Friday there was no certainty Sinosteel's overtures will lead to a transaction, worth A$5.60 a share, or A$1.19 billion ($1.04 billion) -- a 15 percent premium to Midwest's last share price.--Continues/End quote

No responsibility taken for any losses in association with this Posting.

Regards,

moly