Well said davmarcExactly thats the situation.The assets of IVA...

Well said davmarc

Exactly thats the situation.

The assets of IVA aren't very strategic, so regulatory approval on both ends should be a problem. The only risk is approval by the Chinese NDRC, who tends to favour SOE deals, less towards private companies.

Given the deal is of big dollar value compared with the Hanlong-SDL, I think NDRC may let this one go through.

Not sure where SOL is heading to be honest, as they paid in excess of $100m for Exco Resources, so making a move on IVA would make their acquisition of Exco expensive. They are a funny company as they are in literally everything including NHC and TPG internet lol. But given their large cash reserves, merging IVA with Exco makes sense with synergies as well.

Regarding OZL, they are missing out too much. Prominent Hill will not be around forever, depleting resources and lower grades with higher exploration costs is a good thing that OZL shareholders want to see esp. a cash reserve from $670m down to $437m is not a good sign. Northparkes did meet OZL's profile, but Terry Burgess tighta$$ offers, isn't gonna get him anywhere.

All the good assets are being racked up, so unless OZL wants to buy PNA's South American assets? IVA is the last standing chance for OZL to have immediate production assets with cashflows. Especially you don't wanna pay over $1b for SFR.