ruler wasnt big enough, page-4

Suppose reason for volume spike will be revealed over next few days Asteroider, but like your points.

Couple of points:

1. Buyer should be revealed in next few days.
2. TTY have made no secret about their desire to take strategic stakes in undervalued companies, including IRL. See recent AFR article.
3. If there is price sensitive info coming, not sure that that prevents them from continuing to buy stock, given that they are working to what appears to be an established buying pattern.

The negotiations IRL are involved in have been publicly disclosed in press. Iron ore deal, Banwas, etc.

As I indicated the other day, I don't see a problem with TTY involvement in ST if it is for them to make a bucket load of cash on paper.

HipHop made some good points about potential benefits that might accrue from a consolidation for both companies down the track. Just wouldn't like to see it happen too soon.

BUSH