shocking lihir market depth, page-2

could be short termers exitin or people trying to keep the lid on the price.

i think Lihir is a fairly safe bet:

1) major benefits for both sides to merge.

2) management seem open to discussion

3) data room should entice others to take a look.

4) no near term funding issues and strong balance sheet.

5) any global instability should play into the gold price and the take over bid should provide a floor on the share price.