Xstrata make a lowball offer of $1 per share for Indophils share...

Xstrata make a lowball offer of $1 per share for Indophils share of the Tampakan project which is rejected. Indophil receive a counter offer of $1.28 which is blocked by Xstrata acquiring Indophils largest single shareholders stake (Lion Selection) taking Xstrata's stake in Indophil to 19.9% effectively blocking any attempt by Indophil to sell off their
34.2% stake in the Tampakan prjoject.

Indophil accuse Xstrata of self interest.

I have a feeling of de ja vu, that Xstrata may be accumulating
a controlling stake in Altona Mining, history repeating itself.

But lets not get ahead of ourselves, lets wait and see when this option fiasco plays itself out. Be warned though that the big boys play hardball, and I feel like I'm at the top of a slippery dip.