selling almost finished........., page-19

The stock is undervalued, not reflecting the full value of the deal. CEO gave a value of 90cps. On top of that, at less than $1 per resource tonne ($400m for 486mtFe) the sale appears cheap. I think Portman was sold for $4 per resource tonne, and back then the iron ore price was much lower.

These two factors combined would prompt some party to consider a takeover. Under the current market turmoil, it may not take much to shake off the weak holdings. Just my thoughts, DYOR.