Hi nokkI agree with all you say that MEP play with their cards...

Hi nokk
I agree with all you say that MEP play with their cards close to their chest. However that does not stop us reading the tea leaves or tarot cards or even company announcements, newspapers, trade journals etc to try to second guess what is happening or going to happen down the track.

My second guess is that there is some excitement mounting in some areas of exploration (particularly Cloncurry and Muntooroo) as noted in the Chairmans Report in the Annual Report and in order to fund further exploration in these projects money needs to be raised. It is the stated intention of the Minotaur Board to retain share holder value without dilution and the only way to do so is to sell an asset. Which asset or assets may be sold I have no idea, but I do know that the mode of operation of the Board is not to leave it to the last minute and be forced into a fire sale. I have taken a punt previously that the tenaments around Olympic Dam may be in BHPs line of sight, just because they are expanding in that area.

I must admit to having a little bit of fun trying to tie an ANN with Hong Kong but hell why not, just because. All jesting aside I am sure that a deal is not too far away as these deals can take several months to finalise and steady as she goes is definitely, as we agree nokk, part of Minotaurs DNA.


kippax