I agree with comments that we are unlikely to see much action...

I agree with comments that we are unlikely to see much action until spp has been finalised.
My broker sent me this article from Bloombergs today, it makes a brief reference to Amadeus as a possible takeover target of interest to Chinese or Indian interests
see below

" Kagara, Cudeco May Be Deal Targets, Citigroup Says (Update1)
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By Rebecca Keenan

Sept. 22 (Bloomberg) -- Kagara Ltd. and CuDeco Ltd. are among companies that may be targets for Chinese and Indian companies after Australia changed its foreign investment laws to attract overseas funds, Citigroup Inc. said.

The new rules open up an extra A$12 billion ($10 billion) of foreign investment potential in Australian resources companies that won’t require regulatory approval, Citigroup analysts led by Craig Sainsbury said yesterday in a report.

Australia’s Treasurer Wayne Swan last month announced changes to the law to allow overseas investors to buy as much as 15 percent of a company with a market valuation of A$219 million or below without reference to the Foreign Investment Review Board. That’s up from the previous threshold of A$100 million.

“Given the easing of the FIRB screening laws we believe there is the potential for foreign companies, especially those from China and India, to beef up their investment in Australian resource companies,” Sainsbury said. “China is continuing to look for projects that can help lift its self sufficiency in materials and limit its exposure as a price taker for most commodities, the change in the framework may see an acceleration of investment in Australian junior mining companies.”

China Looking

China may look for commodities it is deficient in including copper, iron ore, bauxite, coking coal and uranium, he said. “For India, given its wealth of natural resources, we see its foreign investment primarily in copper and the coal complex.”

Other targets may include Amadeus Energy Ltd., Roc Oil Co., Terramin Australia Ltd., Toro Energy Ltd., Riversdale Mining Ltd., Atlas Iron Ltd. and Indophil Resources NL, Citigroup said.

Kagara, the Australian mining company that supplies Korea Zinc Co., sold a 19.9 percent stake in the company to China’s Guangdong Foreign Trade Group Co. in June. It’s not in talks with Guangdong or any other companies about further shareholding or asset sales, Kagara director Joe Treacy said today from Perth.

Wayne McCrae, chairman of CuDeco, exploring for copper in Australia, wasn’t immediately available for comment when contacted at his Cloncurry, Queensland office.

China Nonferrous Metal Industry Foreign Engineering and Construction Co. in March bought an 11 percent stake in Terramin, an Australian zinc and lead producer. Terramin isn’t in talks with any companies about holdings or assets, said outside company spokeswoman Emma Cunningham, from Citadel PR.

To contact the reporter on this story: Rebecca Keenan in Melbourne at [email protected]; "


That would make things a bit more interesting