I have a gut feel (bought quite a bit during recent lulls) Glencore / Xstrata may soon (in the coming months) make a bid for AQA to further increase theire coal presence as well as making a foray into Iron Ore.
With AQA, Glencore can acquire both the infrastructure (the key) to unlock the IO riches.
Glencore / Xstrata can easily trump the Chinese I reckon much as AGO was able to wrestle FRS from Wah Nam.
For this reason I think there is a good chance that AQA will soon buy the adjacent Buckland Hills tenament from IOH to increase tonnage as part of the whole XTA/Glencore game plan.
AQA Price at posting:
$5.36 Sentiment: Buy Disclosure: Held