No one is pushing people, as I said before, the end result will be determined by Rio Tinto's move, as a I said many times.
Pretty much time is running out for any other buyers out there, cause Rio wants the money for Mongolia. If a better offer emerges, then good, but it looks very unlikely.
For Shanxi, they can easily extend the offer later, and its not mandatory for them to get over 90% shareholding in IVA.
All they need is over 51%, which is pretty much Rio's stake. IVA can remain listing under Shanxi, which the choice is up to you, with low liquidity.
Turquoise Hill has 56.2% and non-TRQ acceptances are at 2.73% already, so total Shanxi acceptance facility will be 58.93% stake, unless a higher bidder emerges.
IVA Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
