getting back to the original poster's theme on HIG, why wouldn't...

getting back to the original poster's theme on HIG, why wouldn't IRN launch a script takeover of HIG considering their share price outperformance recently (relative to HIG).

Go on the offensive instead of defensive (selling off Tampakan). This way they would get their hands in a stake on another world class copper project operated by Xstrata, as well as a nickel project operated by the Chinese, whilst diversifying away from the Phillipines which is not the best place to operate in the world. This would also make them even more attractive to Xstrata later down the track.