550k volume - 10:46am, page-8

interesting times with the big seller met with big buys. Today would be the biggest daily volume in 12 months. all within a VERY VERY TIGHT price band.

- Just games?
- Imminent Capital Raising/Placement?
- Stealth Accumulation by tiring out other shareholders?
- Or victim of a future takeover attempt?

I see three main suitors
CFE - Cape lambert (soon to be cashed up with Copperco IPO)
CLF - Cliffs (17% stake), and a rising shareprice
Hunan Valin Steel


Larger shareholders who may be looking to reduce their stake are:
Yilgarn Infrastructure
Rim Capital
and the unknown IFTC Broking