Yep - I particularly like the statement from Chief financial...

Yep - I particularly like the statement from Chief financial officer Guy Elliott that "Rio was looking at a number of small to medium acquisitions in the low single digit billion dollar type of transactions".This is their CFO - it's proceeded that far already!

I'd accept an offer around that number. And so will IOH'S directors and major shareholders.

We'll get an offer before Christmas - anyone want to do the per share math on a $1 billion offer?