Why companies not always take over other companies when they...

Why companies not always take over other companies when they have a good resource is anyones guess.

A good example at the moment is TYC which could have been taken over by BHP which has already a stake in the resource TYC is exploring. So far this has not happened and now TYC is being targeted by some Corby in a hostile take-over.
Does this mean that because BHP has not tried to take-over TYC that the resource is not up to scratch???

Another good example would be HDR and Woodside, HDR having a steak in a very promising new oil province of the coast of Mauritania with Woodside being the operator and already having a significant stake in HDR.

If this new oil province is as good as every anylist is saying why does Woodside not take HDR over???
Sometimes its probably not always the money thats count but other values which these days are hard to find.

So before anyone wants to write the tenements of FCN off simply because WMR or JBM has not taken-over this company , think twice and look at the many examples at the market place that will show that your arguments do not always find support.

To go back to Huntley saying that it will take at least 10 years to develop any new found resource by FCN, that is also another myth.

It will all depend on the quality and size of any new found resource. If its an outstanding resource with high grades and in the top of the scale economical robust resource than I believe that there will be enough interest to get this as soon as possible in production.

This would obviously not happen overnight but Huntleys timespan could easily be cut in half if not less.

Only time will tell

jojo