The CBH offer is simply a case of "rearranging deck chairs on the titanic". Neither company or a combined entity will survive the continuing meltdown in zinc and lead prices. (Lead fell 2.8% and Zinc 4.8% last night) Expect their plants to be on care and maintennace within a few months.
The commentary from those that said China would keep commodity prices high is now changing. I see that RIO for example is now saying China's growth was showing "a modest but discernible deceleration"
takeover of perylia, page-24
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