takeover, page-79

I never said I would accept the deal straight away.

I just said I would support the deal in absence of a superior offer, similar to Rio's stance.

I think a slightly sweetened up offer could be on the cards from Dongxi, similar to the SOL/Exco Resources deal.

I will accept the 22c (which I will still profit from) if Rio accepts the offer for their entire stake. I think some holders will also accept. Even if Dongxi achieves a 70% interest in the company, I will accept at the end. I don't like being in an illiquid stock position.

Examples of that was ITT, where HGO owned 87% of the company for many years.

I recommend a buy as the trading price is below the offer price. So there is some profit margin to achieve when buying on market.