who will they takeover next, page-16

HIya,
The reason for the risae was a possible joint venture with Rio Tinto. They declined saying the iron ore grades were not up to what they need to make economically vaible.
I think they were 51% or something it needs to be closer to 56% or higher, or you have to process it first.
%klms away there is a plant that could have done the refining.
If Rio said yes AQD would be $2+
But plenty of other activities, and the fact that OH has bought in tells me there could be posibilities with the company.
At these prices I feel it will seem cheap soon.
When OXR anounced it was a major holder it went to close to 30c and now drifted back. But we are awaiting plenty of results between now and year end.
So could be an exiting finish to the year
cheers