xtrata tends to put in a low first offer and then increases when there's a counter offer. New hope will obviously review the offer and come back with another offer as they have not declared their current offer final. In todays market, you are better off letting these things play themselves out. Remember xstrata has missed out on gloucester coal so they may pay up more for rsp.
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RSP
resource pacific holdings limited
up 17 percent, page-13
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