takeovers, page-7

Dragone64

I feel Glencore is looking beyond a 1 -2 year zinc price and present problems. They could also be thinking: "If we back out on this deal now and it ends up being a winner, it'll go to our competitor(s)".

OK, The U.S. had its meltdown which didn't really end the world, just slowed things down a little without the doom and gloom forecasts of families sleeping out in the streets. Worst case, people just packed up and moved back in with the folks while multinationals domiciled in the U.S. were bailed out.

Then, the Middle East had its little scare, mainly Dubai, and now we have the Euro zone melt down which again will not be total disaster because recovering economies are in he stages of bailing out countries such as Greece which itself is heavily reducing its public expenditure liabilities.

The only scenario which is negative with the Perkoa JV is if there is strong evidence of a longer term fall in the zinc price and even the naysayers are admitting that this is unlikely.

She held up well on this otherwise atrocious day.