takeover talk, page-5

we (shareholders) still need to be greedy, the current price doesn't reflect anything like the fair value of Railway resource alone...the market rout has softened us up for a lower price and whilst a predator would be great for short term gains, stocks like this don't come along often...I'd feel ripped off if I didn't get decent participation in the long term upside:

Railway

Yandi Headwaters

Railway East

Jumbo

and so on

THX needs to be smart about this and make a buyer earn its 20% stake....how much volume did it take to decimate UMC price 60%? THX stake must go for a very significant premium, ideally they'll hold out as long as possible rather than facilitating one party getting an iron grip on the stock.

Now that someone's shown their hand, let's use the illiquidity to our advantage...

Summary: relieved short term (shocking month), concerned long term that the long hypothesised opportunistic takeover may be a reality. At least it may force others to come out of the woodwork.