aka, i like it alot when Brett Peterson of Mount Isa Mining Supplies makes comments about both AOH and Xstrata and what is going to happen to Roseby.,I would suggest he take a long holiday actually. Isnt he involved with some of the supplies to CDU ?
In other words, Brett Peterson would know just as much as you and me on what time frame AOH is looking at on Roseby, he would know even less about Xstrata intention to bug down Roseby and far less what Mount Isa Mining intend to do in the future.
one thing I do read into the commentary by this article, is that Xstrata bugged it down due to its own internal valuation which was so far away from the Independent Valuers that it was better to leave it blank. The fact this article indirectly confirms a high value on Roseby, Xstrata was never gonna go out and say it was too high valued, it looks beter to say our valuation was low. Now if they were indeed to take over AOH for say aud 132 mio, then how do you think the mkt cap for CDU would look ? I know you will roly mo the recoveries out, but seriously you get my drift.
Fact was just that the agreement was to have it independently valued in the hope it they would be right on a low valuation, but you know what ? Xstrata was dead wrong.
It may pay off to look at the smaller explorers like SMD and GBZ in the region, they may catch abit of wind by this whole affair, but CDU wont catch much more than an over blown mkt cap in a yellow paachute.
AOH Price at posting:
24.5¢ Sentiment: None Disclosure: Held
