Ann: Trading Halt, page-30

Not surprising BTO would say that John. If they're holding out for bargain prices (and no competitive bidding) like PIR in 2014 I think they'll be waiting a long time. The competition bit is especially different given how midcap producers have improved their balance sheets since 2014.

I watched the presentation from B2 president at one of the larger conference a few months ago and he was saying we don't need a project etc and can just stick with what we have. But in other presentations he has spent a lot of time talking about their in-house construction and development capability and how they have acquired (on friendly terms) and built mines first through Bema and then B2. By saying they will just sit back and not look for new opportunities I think he is arguing against their DNA and what has been a strength for the company.