When I read the last report from the company I thought ' boy is this one being cleaned up for sale.'
Frankly I think what Rio wants is what Rio will get. They are the largest shareholder of the largest shareholder. They have a friend in IVA management. I reason M and G etc realised earlier this year that Rio holds all the cards which is why they decided to sell down while they could, at the maximum price they could of course. (and rightly so)
So..unless we get a few more cents from OZL this party is well and truly over.
I think its a shame as this could have been the next Olympic dam for us rather than a chinese 'private' company.
Moly prices rise 10 fold in 20 years is my view!
The Americans really should look at buying this as a strategic asset..wake up USA!!!
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