Iron ore price has only gone one way since deal was announced, and that is up. All other iron ore stocks have been very strong.
If the Chinese crowd are legit, then given the out-performance of iron ore and iron ore shares.....then all things be equal the deal must look better from the buyers perspective....and more likely to happen now.
Last traded at 6.8c...will have 13c cash if the deal goes through. Market obviously doesn't think it will. Who knows what the DD will throw up.
SRK Price at posting:
6.8¢ Sentiment: None Disclosure: Held
