xstrata drops lomin ozl n xt on list, page-7

How about Indophil - I thought they offer cash and also Jubilee - wasn' that cash too.

Lonmin - I thought that was a cash offer too. British 33 per share. They only decide not to offer cash it is cheaper to buy from on the market. These people are clever. They have means but to back out strategically, they use that ratinale about market volatility. When they put out the offer - the market was no different from now.