Ann: Shareholders advised to take no action on Takeover Offer, page-17

there are only a "few" mining co with lots of available cash......that were trading at substantial discount to same........

another "way" of looking at this - is how does one raise capital ........in a capital constrained world ..............ding ding !

sadly (for shareholders) .....they didn't hold Mt Grdon (awesome long-dated oppy over Cu prices) .......and the last announc suggested capital management initiatives (ie the only way the Indian parent gets cash out is via a divvy........)

I would not be surprised to see a FF divvy, and the MLX offer increased somewhat..... low 30's should pull it up ......

rgds
V_H