"Cockatoo and its major shareholders are currently in advanced...

"Cockatoo and its major shareholders are currently in advanced stage discussions with JFE Shoji Trade Corporation (“JFE”) regarding the future direction and funding of the Baralaba joint venture (JFE has a 37.5% shareholding in the Baralaba Mine and a 20% interest in Baralaba North)."

Anyone think this sounds like they are discussing a selldown to JFE Shoji? I think that might be what has got the market interested today. There nothing else in there from what I can see to really justify this SP action, most of it was already known.

Would be good to see JFE finally come to the party and equalise their stake across the whole project.