xstrata walks--great news, page-39

AOH will struggle to fund a stand alone independent mining operation as do 99 out of 100 junior miners - CDU is one in hundred and appears its going to make it = AOH has a long way to go.

Agreed... but AOH is better than 90-odd of those 99 other junior miners because they already have a working, (apparently) profitable mine, so they aren't staring at a death spiral of equity raisings just to stay solvent all the way down to penny dreadful status.

That said, the chance of AOH doing a CDU and getting funding themselves for 100% is not looking good. They really need to sell down at least a 50% stake in Roseby.

But at least now they can do it on their own terms, now that this dreadful option is finally dead and buried.