At the rate they are making profits, plus that huge amount of cash in the bank, it would not surprise me to see a takeover bid. Chinese shareholding already puts them in a strong, in fact almost unstoppable position, for a successful bid. Making a premium, value added product in strong demand, not commodity type iron ore. Wonder if Hancock or FMG are running the ruler over the company also. Who knows. Its certainly a juicy target one way or the other, and is being completely mis-priced by Mr Market.
premium Iron ore pellets hit US$165.26/tonne, page-19
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