I think management have better things to do than spend time on a...

I think management have better things to do than spend time on a hostile takeover which will probably only achieve a minority position anyway.

Geoff will have his hands full with his new role. I believe Geoff is interested in making this a full time role providing this initial period goes smoothly and the board is happy with his performance.

I believe they have a few things they were already looking at (Africa??) and market uncertainty only helps them with pricing.

I believe apart from drilling they have some other near term value accretion which was mentioned at the presentations (CopperChem).

These are the most obvious reasons to stick with their stated strategy and particularly I don't want management and the board getting bogged down.