Nick Hatch
Nick Hatch
apart walk
I don't think Xstrata are going to do anything apart from walk away with a cheque.
above apart bid initial offer percent walk
I don't think Xstrata are going to do anything apart from walk away with a check. This bid is 21 percent above their initial offer (for 20 percent of Falconbridge),
counter unlikely
I would think it was unlikely they would counter offer.
above although chinese consumers copper demand fall fell global last offset prices rest switched year
Prices are well above fundamental levels. Global demand for copper fell last year by 1pc. Although Chinese demand was up 22pc, this was offset by a fall in the rest of world as consumers switched to substitutes.
bit prudent
They're a bit more prudent than some of the other miners.
following resources strong subdued trading
Following the acquisition of WMC Resources we had been anticipating a very strong trading statement; what we got was a little more subdued than we had anticipated.