xstrata dumps irn bid, page-6

All jokes aside this is a very good reversal after yesterdays very ordinary report. I wasnt going to mention it, as the rumour is old news, but considering we are talking about xstrata has anyone heard that ncm may seriously be looking at ozl. Cant see it myself, but I must say I have come to the conclusion after reading and listening to management,new and old that this merger was all about a sale. The sale being the primary objective. The thinking being merge two prospective takeover targets and you will potentially get a better price. The worry is not only does management want to cash in there chips but so do most shareholders .I think it will go some time in the next six to twelve months.$3 to $3.50 will probably do it. What a shame could have sold way back in 2006 for that price.Ah well we live and learn.