It is clear that Xstrata still want SPH. Dropping the threshold...

It is clear that Xstrata still want SPH. Dropping the threshold from 90% to 50% won't achieve anything though, and they know that. It's a price issue.

They have until next Friday to raise the bid price.

While the project requires significant capex, the pipeline and growth is great. I'd be happy to walk away at $3.50. I wonder what kind of feedback Xstrata is getting from the major shareholders?