the banter between Hermie and Kitstar is just a game of tennis between friends. dont get drawn in. its not serious
the company does not perceive any problems re FIRB. Xstrata would know the ropes, so I think that it will be a rubber stamp.
yes Michael has discussed at the meetings, the potential of the return being undertaken in stages. some of the capital return could come very early.
lionel might be able to confirm the following, but it is my understanding that a company's franking account can go into debit in the interim, so long as the company is going to pay company tax before the financial year end.
given that the company has now outlined a timetable as a guide, I am fairly sure that you will see the commencement of considerable buying from funds after Thursdays meeting confirms the sale.
EXS Price at posting:
64.5¢ Sentiment: ST Buy Disclosure: Held
